India, US finalise terms of reference for first phase of trade deal

India and the U.S. have finalized the terms of reference for discussions on the first phase of a bilateral trade deal. A trade official indicated that a mutually beneficial agreement could take shape within the next 90 days. Talks will continue virtually on a regular basis.

India and the U.S. have finalised terms of reference for talks over the first segment of a bilateral trade deal, a trade official said on Friday, adding that there was a possibility of a win-win shape and form to the deal in the next 90 days.

Trade engagements between the countries will continue virtually and regularly, the official said..