According to CoinMeta, the US-India trade agreement is close to being finalized, with the US side promising to grant India lower tariffs. An official familiar with the details revealed that the US has assured India that the tariffs it will face will be lower than those of similar countries. The first phase of this trade agreement, which has been in the works for nearly two years, only covers goods; service trade will be addressed in the next stage of negotiations. The US and India finalized the framework of the agreement earlier this year, but it has not yet been officially concluded. A series of US trade investigations have complicated the negotiations. In recent weeks, officials from New Delhi and Washington have expressed optimism, believing that the agreement is very close to finalization and that most of the issues have been resolved.