Page 2 - Piyush Goyal

India, US review trade pact progress, no clarity yet on interim deal

India and the US on Wednesday concluded two-day ministerial-level talks on the proposed first phase of the bilateral trade agreement (BTA), a framework for which was announced in February this year. Both sides are looking at finalising the talks before the expiry of the 10 per cent temporary tariffs imposed by the US on all its trading partners on February 24. The tariffs will expire on July 24. The talks were held between Commerce and Industry Minister Piyush Goyal and US Trade Representative Jamieson Greer here. "Concluded a series of meetings with @USTradeRep Ambassador Jamieson Greer and his delegation this morning. We reviewed progress of the ongoing IndiaUS trade discussions and explored avenues to further deepen our economic partnership. "I appreciate Ambassador Greer's leadership and the sustained efforts of both teams in advancing our discussions in a constructive and forward-looking manner," Goyal said in a social media post.

India, US begin trade talks as two nations rework deal amid tariff changes

India and the United States opened high-level trade talks on Tuesday aimed at salvaging and recalibrating a proposed bilateral trade agreement after changes in US tariff policy upended a framework negotiated earlier this year. Commerce and Industry Minister Piyush Goyal met US Trade Representative Jamieson Greer here as both sides sought to conclude an interim trade pact before July 24, when Washington's temporary 10 per cent tariff on imports from trading partners is due to expire. "Warm welcome to @USTradeRep Amb Jamieson Greer, @USAmbIndia Amb Sergio Gor and their delegation to @DoC_GoI. Looking forward to productive discussions on the bilateral trade agreement between (India & US)," Commerce and Industry Minister Piyush Goyal said in a post on X. Greer's two-day visit comes days after Prime Minister Narendra Modi and US President Donald Trump held their first meeting in more than a year on the sidelines of the G7 summit in France on June 17, injecting fresh momentum into trade

India's critical mineral recycling capacity commitments triple target

Recycling commitments under the Rs 1,500-crore incentive scheme reach 850 kilotonnes against a 270-kilotonne target as India accelerates critical mineral plans

July 24 deadline not my worry, says Piyush Goyal ahead of Greer visit

Commerce Minister Piyush Goyal says India does not negotiate trade agreements under deadlines as USTR Jamieson Greer arrives for talks on the interim trade deal

India seeks tariff advantage over peers in push to finalise US trade deal

New Delhi is seeking tariff concessions superior to those offered to competing Asian economies as it works towards finalising a bilateral trade agreement with the United States

India pushing for preferential market access in US trade deal: Piyush Goyal

Commerce Minister Piyush Goyal said negotiations on the US trade deal are taking longer than expected due to a 50% tariff on Indian goods, while India continues to seek preferential market access

India, US to hold two-day ministerial-level trade pact talks this week

US Trade Representative Jamieson Greer and Commerce and Industry Minister Piyush Goyal will hold two-day talks this week on the first phase of the bilateral trade agreement. "For the US trade deal talks, tomorrow my counterpart is coming to Delhi," Goyal told reporters in Mumbai. The meeting followed chief negotiator-level discussions on the pact held earlier this month (June 2-4) here in the national capital. Commerce Secretary Rajesh Agrawal has recently stated that the discussions between the two ministers are expected to be centred around giving final touches to the framework deal. On June 5, Goyal said India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the "very, very vibrant" first phase of the BTA by the middle of next month. IMPORTANCE OF THE MIDDLE OF NEXT MONTH -------------------------------------------------- The 10 per cent temporary tariff imposed by the US on all its trading partners o

India-EU FTA to be signed by Dec, implemented from Feb-Mar next year: Goyal

India and the 27-nation European Union will sign the free trade agreement by December and are likely to implement the pact during February- March next year, Commerce and Industry Minister Piyush Goyal said on Sunday. On January 27 this year, India and the EU announced the conclusion of negotiations for the 'mother of all deals'. "Now, with almost zero duty, almost the entire European market will be open for us. The EU's FTA (free trade agreement) will be signed by December and will be effective by February-March," Goyal said during an interaction with chartered accountants in Mumbai. He also said that his US Trade Representative, Jamieson Greer, is coming to India this week to hold trade pact talks with him. "The whole world is looking towards India," he added. Under the India-EU FTA, about 93 per cent of Indian shipments will enjoy duty-free access to the 27-nation bloc, while imports of luxury cars and wines from the EU will become less expensive. Taken together, India and the

Exports rise 15% during Apr-Jun 14 despite global uncertainties: Goyal

The country's merchandise exports rose by about 15 per cent during April-June 14 this year despite global economic uncertainties, Commerce and Industry Minister Piyush Goyal said on Sunday. The Commerce Ministry will formally release the export and import data for June on July 15. Goyal said that despite 50 per cent tariffs imposed by the US, India's exports in 2025-26 recorded healthy growth. "Even now, if we see April, May and 14 days of June. I have data until June 14, it (exports growth) is 15 per cent," he said during an interaction with chartered accountants in Mumbai. India's exports climbed to a six-month high of 18 per cent to USD 45.2 billion in May, while the trade deficit widened to USD 28.21 billion. During April-May 2026-27, exports rose 16.09 per cent to USD 88.91 billion and imports jumped 15.14 per cent to USD 145.35 billion. The trade deficit stood at USD 56.44 billion during the period. He also urged the chartered accountants to contribute to make India a 'Viks

India seeks US tariff edge over rival nations before enacting trade pact

The issue currently pending is that our duties need to be lower compared to those of competing nations, said Piyush Goyal

El Nino is a global crisis, keeping close watch on situation: Piyush Goyal

Goyal said the government is prepared and focused on safeguarding farmers' interests. "If a water crisis arises, all necessary steps to tackle it will be taken," he assured

India-UK landmark free trade pact to come into force from July 15

Alongside the trade pact, the Double Contribution Convention will also take effect, easing social security obligations for temporary cross-border workers

India expands UPI footprint with launch at France's Galeries Lafayette

India on Tuesday launched Unified Payments Interface (UPI) at Galeries Lafayette, a famous department store in Nice, France. Launching the UPI, Commerce and Industry Minister Piyush Goyal said it will further strengthen the economic and technological ties between India and France, reflecting the growing depth and ambition of our strategic partnership. In 2024, UPI was launched at the Eiffel Tower in Paris. "Delighted to launch UPI at the iconic Galeries Lafayette, Nice Massena, France. Bringing India's world-class digital payments platform to one of France's premier retail destinations marks another significant step in UPI's global expansion. With the participation of Lyra Collect and NIPL, this initiative showcases India's ability to deliver trusted, seamless, and interoperable digital solutions at scale," he said in a social media post. Galeries Lafayette Nice Massena is the Nice branch of the famous French department store chain Galeries Lafayette. It is located in the heart of

Invest in India before it's too late: Goyal to corporates, investors

Commerce and Industry Minister Piyush Goyal on Tuesday urged investors, corporates and venture capital funds to "get into action" and start investing in India before it is "too late". He said India's investment ecosystem is ready, the domestic market is vast, and the government would help investors connect with market opportunities, while a supportive policy framework is already in place. "To our investors and venture funds, the time is now, get into action and start investing before it is too late. Indian family offices, Indian venture capital funds, Indian investors, Indian corporates, they all have to come into action. "The ecosystem is ready. Our startups are doing some phenomenal work. There are tried and tested models in India. The market is large. Government will help connect you to the market. The policy framework is available. Get open to ideas on that front and invest in the future that India offers to the world," he said. The minister was speaking at the closing ceremony

USTR Greer to visit India next week for bilateral trade agreement talks

US Trade Representative Jamieson Greer will meet Commerce Minister Piyush Goyal to advance talks on the proposed India-US trade agreement

Goyal, Nice mayor discuss expanding India-France cooperation in innovation

Commerce Minister Piyush Goyal and Nice's Mayor Eric Ciotti exchanged views on cooperation between India and France

Piyush Goyal discusses India-UK ties in innovation, tech with UK trade secy

Goyal said the discussions focused on expanding partnerships that could drive economic growth and create mutual benefits for both countries

Piyush Goyal invites French investments in manufacturing sector

Commerce and Industry Minister Piyush Goyal on Sunday sought investments from France in the manufacturing sector. Speaking at the 'Bharat Innovates' event in the presence of Prime Minister Narendra Modi and French President Emmanuel Macron in Nice, France, Goyal said India can offer a huge talent pool and scale for manufacturing. "I would invite our French friends to visit India, invest in India, design in India, innovate in India and manufacture in India, both for the large domestic market and export from India to the rest of the world," he said. He added that in the uncertain global economic environment, the world is seeking partnership with trusted and reliable partners. "...and that is what India brings to the table," Goyal said, adding that in India, innovation is now a culture which is powered by 2,30,000 startups. Modi is currently in France, where he is scheduled to hold talks with Macron and also attend the G-7 Summit. He landed in Nice on Saturday, kickstarting a week-lo

Goyal to discuss India-EFTA pact implementation issues in Switzerland

Issues following the implementation of the India-EFTA free trade agreement are expected to be discussed during the visit of Commerce and Industry Minister Piyush Goyal to Switzerland this week. India and the four-nation bloc, EFTA, implemented the trade and economic partnership agreement (TEPA) in October 2025. European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Goyal will visit Berne, Switzerland, on June 12 for discussions with senior representatives of the Swiss government and leaders of the Swiss pharmaceutical industry. During the visit, the minister is scheduled to meet Helene Budliger Artieda, State Secretary for Economic Affairs, and Guy Parmelin, Federal President of Switzerland. He will also interact with representatives of the Swiss pharmaceutical industry. "Discussions are expected to focus on the implementation of TEPA, addressing operational issues arising from the agreement, and enhancing bilateral trade, investment a

India, US may execute 1st phase of bilateral trade pact by mid July: Goyal

India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the "very, very vibrant" first phase of the pact by the middle of next month, Commerce and Industry Minister Piyush Goyal said on Friday. He said that the US team was in New Delhi from June 2-4 for finalisation of the deal. They held discussions with the Indian team. "I also met with them yesterday, and we are fast moving towards closing all the open ends, and I think sometime by the middle of next month or so, we should be in a position to execute a very, very vibrant first tranche... "It is only the first tranche of our bilateral trade agreement, which will give preferential access to India over our competitors," he told reporters here. He added that a high-level team is expected to visit India towards the end of this month.