Piyush Goyal made these remarks in a meeting of about 25 ministers of WTO member countries, including Australia, Singapore, France and Nigeria
Goyal highlighted growing confidence of French companies in India's economic story and emphasised the mutual commitment to advancing economic and trade ties while building a smarter future together
Our discussions focused on diversifying our trade basket, fostering innovation, and strengthening cooperation in high-tech and emerging sectors, Goyal said about the meeting
In the last three-days, the minister has held a series of meetings with top CEOs and ministers
When asked about an announcement of Trump to double tariffs on steel and aluminium to 50 per cent, he also said that the two countries will continue to work together to resolve all these issues
Retaliation, WTO action, or talks - three options on the table
Oman is the third-largest export destination among the Gulf Cooperation Council (GCC) countries for India
The negotiations for the trade agreement with the European Union (EU) are also progressing at a faster pace, he added
India's chief negotiator, Special Secretary in the Department of Commerce Rajesh Agrawal, concluded his four-day visit to Washington last week
Piyush Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations.
On May 20 also, Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact.
Omanisation is a policy implemented by Oman to boost the employment of its citizens in the private sector. The policy mandates companies to meet specific quotas for hiring Omani nationals
The Department for Promotion of Industry and Internal Trade (DPIIT) said that the order would not apply to electrical appliances which fall under the scope of any other QCO
The official said industry has raised regulatory hurdles and high cost of certification among other issues in the US as primary obstacles to increasing exports to the US
In March this year, soon after the US raised its duties on steel and aluminium, China and Canada proposed retaliatory tariffs against imports from the US
India and US trade ministers will meet in Washington from May 17 to assess progress on the bilateral trade agreement, provide political direction, and advance talks toward a broader trade pact
India to discuss proposed retaliatory tariffs on US goods during trade talks starting May 17, amid efforts to finalise a broader bilateral trade agreement targeting $500 billion by 2030
The four-day discussions, scheduled from May 17 to 20, will involve key meetings with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick
Through these discussions, officials from New Delhi and Washington aim to take advantage of the 90-day tariff pause window to advance the talks
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.