NEW DELHI, June 3 (Reuters) - Trade negotiations between
the United States and India are making progress and a deal could
be finalised soon, U.S. Commerce Secretary Howard Lutnick said
on Monday, as both sides push to conclude talks ahead of a July
deadline.
"You should expect a deal between United States and India
(in the ) not-too-distant future because I think we have found a
place that really works for both countries," Lutnick said at the
annual summit of the US-India Strategic Partnership Forum in
Washington.
Lutnick later posted a short video of his remarks on social
media platform X, saying "We have a great relationship between
the countries. I'm optimistic for a trade deal soon that will
benefit both nations."
Reuters reported earlier that the Trump administration had
asked trade partners to submit their best offers by Wednesday,
as officials work towards finalising several deals ahead of a
self-imposed July 9 deadline.
India's trade ministry declined to comment on the timeline.
However, Rajesh Agrawal, India's chief negotiator for talks
with the U.S., said last week that trade talks between the two
countries were progressing well, and that a "good outcome" was
expected soon.
A U.S. trade delegation is scheduled to visit New Delhi on
June 5-6 for further discussions.
An Indian team had visited Washington in April, and Trade
Minister Piyush Goyal also visited last month to push trade
talks.
Lutnick said Washington was seeking lower tariffs
particularly on agricultural products, greater market access for
U.S. firms, and increased purchases of defence equipment, with
an aim of reducing its trade deficit with India.
In return, it was prepared to expand access for Indian
exports.
"India is a very protectionist country," he said, noting
tariffs of up to 100% on some products. "We would like our
businesses to have reasonable market access."
He said strong ties between President Donald Trump and Prime
Minister Narendra Modi were helping ease negotiations.