India nears a framework trade deal with the US but insists both reciprocal and Russian-oil-linked tariffs must be resolved together, even as parallel talks with the EU and Canada gather pace
Further, the minister stated that India is reviewing its trade pacts with 10-nation Asean bloc and with Korea to bring more balance to it
Merchandise exports grew in the first three weeks of Nov, Piyush Goyal said after a Board of Trade meeting that reviewed tariff challenges, export incentives and ongoing trade talks with key partners
The Jan Vishwas (Amendment of Provisions) Bill 2025, which seeks to decriminalise certain minor offences to promote ease of living and business, was introduced in the Lok Sabha in August
A FTA or Comprehensive Economic Partnership Agreement (CEPA) has many strategic elements to it and it is a demonstration of the trust between the two countries, said Goyal
He said the discussions covered the full spectrum of bilateral strategic partnership, including trade and investment, science and technology, innovation, and deeper economic engagement
The mission will be implemented through two sub-schemes -- Niryat Protsahan (₹10,401 crore) and Niryat Disha (₹14,659 crore)
India and Israel on Thursday inked terms of reference (ToR) to formally launch negotiations for the agreement
He said one of the key elements of the proposed trade agreement between the two countries will be technology and innovation collaboration
Speaking at the India-Israel Business Summit in Tel Aviv, Goyal also addressed the recent challenges faced by Israelis, referring to the October 7 Hamas attack and hostilities that followed it
Piyush Goyal will review export challenges, logistics gaps and trade deal gains as industry seeks clarity on the new Export Promotion Mission
Piyush Goyal said India presents strong investment prospects for Israeli companies across infrastructure, manufacturing, AI and emerging tech
The minister is leading a 60-member business delegation to Israel, where he would hold discussions with leaders and businesses on ways to boost bilateral trade
TIA Portal is a one-stop trade intelligence and analytics platform that integrates multiple global and national databases along with macro-economic indicators
Piyush Goyal has launched a unified trade intelligence portal offering real-time analytics on FTA utilisation, global demand, supply chains and export opportunities
While launching the Trade Intelligence and Analytics (TIA) Portal here, he said the industry should increase utilisation of free trade agreements (FTAs)
Goyal said the government is holding regular consultations to streamline FDI and FII processes, boost investor confidence and advance fair, balanced India-US trade deal
He also asked domestic firms to focus on quality, innovation and sustainability to push the country's economic growth
A long-overdue course correction begins as the government moves to roll back QCOs that hurt small firms, consumers, and exports - but momentum must continue to prevent regulatory overreach
He also said the ministry is looking at ways and means to promote excess capacities in these zones for use in the domestic market in India