Union Finance Minister Nirmala Sitharaman announced on Monday that India and the United States have reached a plateau in their trade deal discussions, indicating that both nations are facing challenges in progressing further on this crucial agreement.
Key Statements
Sitharaman stated that moving beyond this plateau would be "very, very difficult" for both countries. She expressed hope that if there are opportunities for negotiation, both sides might explore them.
“"Maybe if there are rooms to operate from, both sides would do it," she added during an event in New Delhi.
Recent Developments
US Trade Representative Jamieson Greer mentioned last week that an agreement is not imminent following a meeting with Indian Trade Minister Piyush Goyal in the United States. Sitharaman described the negotiations as a "hard and very vigorously negotiated agreement" that are still ongoing.
