New Delhi, Feb. 5 -- India and the United States have taken a significant step forward in strengthening bilateral trade ties, with fresh clarity emerging on tariff structures and export opportunities following high-level engagements between the two countries.

Spokesperson of the Ministry of External Affairs, Randhir Jaiswal, on Thursday said discussions around the India-US trade deal are progressing, and further updates will be shared as developments unfold.

The reduced tariff is expected to have a far-reaching impact on India's export sector, particularly for labour-intensive industries such as textiles, footwear, leather goods, and certain manufacturing segments.

"This trade agreement will give a major boost to our exports to the Uni...