New Delhi, Feb. 7 -- The US-India Business Council (USIBC) has congratulated the US and Indian governments on establishing a framework for an Interim Agreement on reciprocal, mutually beneficial trade.

The framework, as a joint statement noted, reaffirms the countries' commitment to the broader US-India Bilateral Trade Agreement (BTA) negotiations, launched by President Donald Trump and Prime Minister Narendra Modi on February 13, 2025, which will include additional market-access commitments and support for more resilient supply chains.

"The Interim Agreement between the United States and India will represent a historic milestone in our countries' partnership, demonstrating a common commitment to reciprocal and balanced trade based on m...