MUMBAI, June 3 -- India and the US have resolved 99% of the issues holding up an interim trade agreement and are likely to finalize the deal within weeks, US Ambassador Sergio Gor said on Wednesday.

"We're very hopeful that the deal will get accomplished over the next weeks, several weeks. But it's not going to be years. We're very close to getting that done," Gor said in response to a question at Citi's 2026 India Conference in Mumbai.

On 7 February, India and the US issued a joint statement outlining the contours of the first phase of a bilateral trade agreement, or BTA. Both sides now need to convert that framework into a legally binding text.

Gor's comments come even as trade frictions persist between the two countries. On Tuesday,...