Biswal says India-US phase-one trade deal may conclude by December G20 Summit

Anupama VM - 0 min read

Last Updated: 13th November 2026 - 04:43 pm

Former US diplomat Nisha Biswal said India and the US may conclude the first phase of their trade agreement by the December G20 Summit. Changes in the US tariff landscape led to renewed negotiations, which have not yet concluded.

India-US trade deal may reach phase one by the December summit

Biswal, a former Assistant Secretary of State for South and Central Asia, said Washington and New Delhi wanted to complete the first phase of the bilateral trade agreement by the December G20 Summit.

The December 14-15 G20 Leaders’ Summit is scheduled to take place in Florida, with US President Donald Trump due to chair the annual gathering.

Speaking at the Oval Office on October 20, Trump said Washington and New Delhi were “pretty close” to reaching a trade deal. He also said the proposed pact would differ from earlier agreements.

Tariff and textile issues remain unresolved

Biswal described the negotiations as complicated and said negotiators still had to address tariff issues.

She said New Delhi was seeking comparative advantage over rivals in sectors such as textiles. Biswal added that the US administration had to determine how to address that demand within the tools it was using.

February framework preceded the renewed negotiations

India and the US finalised a framework for the first phase of the bilateral trade agreement in February after a phone call between Prime Minister Narendra Modi and President Donald Trump.

According to Biswal, negotiations began in earnest after the framework was announced, but changes in the American tariff landscape led to a fresh round of discussions.

Biswal said the India-US relationship stabilised in 2026 as the trade negotiations progressed.

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