India and the United States are close to finalising their proposed trade agreement, with only a small outstanding issue left to be resolved, according to US envoy to India Sergio Gor.
Speaking at Citi’s 2026 India Conference on Wednesday, Gor said both countries were working to resolve the remaining “one per cent” sticking point and were hopeful of completing the agreement within the next several weeks.
Gor said a US trade delegation is currently in India to hold discussions on the agreement.
His comments came as top negotiators from both countries began a three-day round of talks in New Delhi on Tuesday to finalise the details of the proposed interim trade deal.
The framework for the agreement was finalised in February. The US team is being led by chief negotiator Brendan Lynch, while India’s chief negotiator is Darpan Jain, Additional Secretary in the Department of Commerce.
According to Gor, the broad framework of the trade deal was already in place, with negotiators now focused on resolving the remaining one per cent of outstanding issues before the agreement is officially signed.
He added that both sides were optimistic about reaching a final agreement soon.
“We are very hopeful that that will get accomplished over the next weeks, several weeks, but it’s not going to be years. We are very close to getting that done,” Gor said.
During the event, Gor also responded to questions regarding investigations launched by the Office of the United States Trade Representative (USTR).
The USTR started two separate Section 301 investigations on March 11 and 12, 2026, covering 60 economies over concerns related to forced labour and excess industrial capacity.
On June 2, the USTR released its findings in the forced labour investigation and proposed additional tariffs on imports from the economies covered under the review.
Addressing concerns over the proposed tariffs, Gor said the measures were not directed specifically at India.
Gor said the tariffs were applied broadly across countries and regions worldwide, including the European Union, Canada, Mexico, Japan and South Korea, and were not targeted specifically at India.
His remarks come as India and the US continue efforts to conclude the trade agreement and strengthen economic ties between the two countries.