India-U.S. interim trade deal: Closely engaged with America for electronics and IP, Union Minister Vaishnaw says

India and the U.S. finalize an interim trade deal, focusing on electronics, IP, and reducing trade barriers in medical devices.

The Indian government is closely engaged with the U.S. for electronics and IP-related matters, Union Minister Ashwini Vaishnaw said on Saturday (February 7, 2026), as the two nations announced that they have finalised a framework for an interim trade agreement.

The U.S.-India joint statement on the interim agreement for trade deal has called for addressing non-tariff barriers that affect bilateral trade.

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It specifically mentions barriers related to the trade in U.S. medical devices, U.S. Information and Communication Technology (ICT) goods.

Asked about views on the statement and its expected impact, Mr. Vaishnaw said the commerce ministry is the nodal body to share details but as far as electronics is concerned India is closely engaged in the discussion.

"We are very closely engaged from our side as far as electronics and IP is concerned. We believe in co-development, co-creation, we believe in IP, respecting IP. We believe that India has a lot to offer to the entire world in terms of new products, new ideas, new technologies and that journey is progressing at a very rapid measure, good pace," the minister said.