Mumbai

India and the United States are close to finalising their proposed trade agreement, with only a few outstanding issues left to be resolved, US Ambassador to India Sergio Gor said on Wednesday.

Speaking at the Citi India Conference 2026 in Mumbai, the envoy expressed optimism that the agreement could be concluded within the next few weeks, describing the negotiations as being in their final stages.

According to Gor, most elements of the interim trade arrangement have already been agreed upon, and negotiators are now focused on resolving a small number of remaining concerns.

"The vast majority of the work has been completed. We are now trying to address the final issues so that both governments can formally sign and implement the agreement," he said.

A delegation from the United States is currently in India for discussions aimed at finalising the proposed interim trade pact. The latest round of negotiations began on Tuesday and is scheduled to continue for three days.

The US team is being led by chief negotiator Brendan Lynch, while India's side is headed by Darpan Jain.

The framework for the agreement was initially established earlier this year, and officials from both countries have since been working to settle sector-specific issues before formal approval.

During the interaction, Gor also addressed concerns regarding recent trade actions by the United States. He referred to investigations launched by the Office of the United States Trade Representative (USTR) under Section 301 into alleged issues relating to forced labour and industrial overcapacity in multiple economies.

The USTR recently announced its findings and proposed additional tariffs on imports from several countries and regions.

Responding to questions about the impact on India, the ambassador emphasised that the measures were not directed specifically at India but formed part of a broader policy applied across numerous economies.

He noted that the tariffs affected a wide range of countries, including members of the European Union, Canada, Mexico, Japan and South Korea, among others.

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The comments come at a time when both India and the United States are seeking to deepen economic engagement and expand bilateral trade, with the proposed agreement expected to provide a framework for stronger commercial cooperation in the years ahead.