US-India Trade Deal 'A Long Time Coming,' Nisha Biswal Says

Summary

Nisha Biswal, former US Assistant Secretary of State for South and Central Asian Affairs, discusses the newly announced phase one US-India trade deal with Bloomberg's Haslinda Amin. She calls it a long-awaited breakthrough and a sign India is moving away from protectionism toward a more global trade posture, though it is not a full FTA. She says the deal aims to expand market access, lower tariffs and non-tariff barriers, and create a launchpad for future bilateral trade and investment.

• Phase one US-India trade deal described as long-awaited.
• Biswal says India is shifting from protectionism toward global trade.
• The deal is not a full FTA; further negotiations remain.
• US objectives include market access, tariff cuts, and non-tariff barriers.
• Phase one is viewed as a launchpad for a broader FTA.
• The discussion points to deeper US-India trade and investment.