Pakistan, Feb. 7 -- The United States (US) and India moved closer to a comprehensive trade agreement on Friday, unveiling an interim framework aimed at lowering tariffs, reshaping energy ties and strengthening economic cooperation as both countries seek to realign global supply chains.

In a joint statement, the two governments said the framework reaffirmed their commitment to negotiations toward a broader bilateral trade pact, while acknowledging that further talks were required to finalise the agreement.

Read More: India and US set to sign trade deal in march

US President Donald Trump earlier announced that Washington would cut tariffs on Indian goods to 18% from 50% in exchange for New Delhi halting purchases of Russian oil and reduc...