Background

For more information on these and other trade negotiations, please contact Nicole Bivens Collinson at (202) 730-4956 or via email.

India

During a Feb. 13 meeting in Washington, D.C., President Trump and Indian Prime Minister Narendra Modi launched the U.S.-India COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce and Technology) for the 21st Century and committed to initial outcomes under this initiative this year. Anticipated trade-related measures include the following.

- negotiating by fall 2025 the first tranche of a multi-sector bilateral trade agreement with the aim of increasing market access, reducing tariff and non-tariff barriers, and deepening supply chain integration

- increasing U.S. exports of industrial goods to India and Indian exports of labor-intensive manufactured products to the U.S. as well as increasing two-way trade in agricultural goods

- working to more than double total bilateral trade to $500 billion by 2030

- reviewing regulations to streamline defense trade, technology exchange and maintenance, spare supplies, and in-country repair and overhaul of U.S.-provided defense systems

- establishing the U.S. as a leading supplier of crude oil, petroleum products, and liquefied natural gas to India

- building trusted and resilient supply chains, including for semiconductors, critical minerals, advanced materials, and pharmaceuticals, including by encouraging public and private investments to expand Indian manufacturing capacity, including in the U.S., for active pharmaceutical ingredients for critical medicines

Latin America

According to press reports, the Trump administration has scrapped the Americas Partnership for Economic Prosperity, an initiative launched in June 2022 that was intended to build on the free trade agreements the U.S. has with countries in Latin America by focusing on issues like customs facilitation, good regulatory practices, resilient supply chains, stronger labor and environmental standards, and greater corporate accountability. Instead, reports state, the White House will work to update the America Crece (Growth in the Americas) program launched under the first Trump administration, which at that time focused on supporting economic development by catalyzing private sector investment in energy and other infrastructure projects across the region. Politico Pro noted that the revamped initiative will seek to revise existing FTAs and does not appear to envision the negotiation of new ones.

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