Page 6 - Piyush Goyal

Piyush Goyal to make final push for India-EU discussions in new year

Government officials said that India and the EU are continuing to engage with each other to narrow the differences and close the free trade agreement (FTA) talks at the earliest

Trade metrics: Tariff tantrums shape Indian exports in the 21st century

The first of a two-part series looks at India's export options: Tariffs are pushing a move towards diversification even as shipments to the US increase. It could be a win-win

Honour, respect for Indians abroad were 'never the same' before 2014: Goyal

Union Commerce and Industry Minister Piyush Goyal on Sunday claimed that the honour and respect Indians get abroad now were never the same before 2014. He was addressing BJP workers and leaders at a gathering in Lucknow, after announcing the name of Union Minister Pankaj Chaudhary as the state party president. He said that before 2014 -- when the BJP came to power at the Centre -- the news featured corruption and major scams every day, and the law and order scenario was "very bad" in Uttar Pradesh. Addressing the attendees, he said that by making Narendra Modi the prime minister and ensuring the formation of the NDA government with a huge majority, "you have been the witness to ('saakshi') and the facilitator of ('sutradhaar') the development spree it started". "In the journey from 2014 to 2025, under the leadership of Prime Minister Narendra Modi, the mindset and the way of working changed. At the international level, India's identity also changed. Today, wherever we go carrying t

Piyush Goyal hosts Italy's deputy PM to boost strategic and economic ties

Union Minister of Commerce and Industry Piyush Goyal hosted Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani, for a dinner in the capital, highlighting the growing momentum in the India-Italy strategic partnership.In a post on X on Thursday, the Union Commerce Minister stated that the dinner reinforced the strong friendship between the two nations and opened pathways for deeper economic ties and transformative investments.He further noted that dinner also brought together top industry leaders from India and Italy, during which constructive discussions were held on new collaborations across multiple sectors and on building future-ready industries."Delighted to host H.E. Antonio Tajani, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of Italy, for a dinner to celebrate the India-Italy partnership. We held constructive discussions with Indian & Italian industry leaders on new ...

No hard stop set in India-US trade discussions, says Piyush Goyal

Piyush Goyal says India and US are negotiating a trade deal without fixed deadlines, stressing steady progress and mutual benefit as both sides work to resolve pending issues

FTA talks with Oman, NZ in last leg, EU deal near closure: Piyush Goyal

Commerce Minister Piyush Goyal says several key trade pact negotiations are in their final stages

India-US trade talks progressing, US team in Delhi for negotiations: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said talks with the US on the proposed bilateral trade agreement are progressing. He said that the US team is in New Delhi for the negotiations. "Talks are continuously progressing with them. We are moving forward towards a bilateral trade agreement," Goyal told reporters here at the Pravasi Rajasthani Divas. He indicated that he may meet the visiting US official team. A delegation led by Deputy US Trade Representative (USTR) Rick Switzer is in the national capital for two-day trade talks with his Indian counterpart Rajesh Agrawal. The US' chief negotiator for the pact, Assistant US Trade Representative for South and Central Asia Brendan Lynch, will hold discussions with India's chief negotiator and Joint Secretary in the Department of Commerce, Darpan Jain. The visit is crucial as India and the US are working to finalise the first tranche of the pact. This is the US officials' second trip since the imposition of a 25 per ce

India, EU aim to seal trade pact at the earliest: Commerce Secretary

Commerce and industry minister Piyush Goyal held discussions with EU commissioner for trade and economic security, during December 8-9 to provide strategic guidance to the FTA negotiating teams

EU trade commissioner Sefcovic in Delhi for push on India-EU trade talks

EU trade commissioner Maros Sefcovic is in New Delhi for two days to advance trade and investment negotiations, as India and the EU work to narrow gaps on key issues

Need to diversify India-Russia trade and make it more balanced: Goyal

According to government data, the total trade between India and Russia grew from $8.73 billion in FY22 to $68.7 billion in FY25, mainly due to New Delhi's oil purchases

Goyal urges stronger, more balanced India-Russia trade ahead of Putin visit

Ahead of President Vladimir Putin's India visit, Goyal said the country must boost exports to Russia, noting opportunities in consumer goods, food items, automobiles and more

Indian economy on strong footing, says Commerce Minister Piyush Goyal

Commerce minister Piyush Goyal said the economy is on a strong footing despite global turmoil, citing Q2 growth and export gains in October-November

Framework trade deal with US likely by year-end: Commerce Secretary

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

India negotiating FTAs with US, EU and 50 partners to boost trade: Goyal

India is at present negotiating free trade agreements with a number of trading partners, including the US and European Union, Commerce and Industry Minister Piyush Goyal said on Friday. India is working with its 'trusted' trading partners through these agreements to boost economic ties, he said. "We have all seen trade being weaponised. We have all seen the importance of having trusted partners around the world," he said, adding that at this moment, India is in talks with individual countries and groups of nations totalling about 50. The remarks come at a time when a steep hike in tariffs by the US has disrupted global trade. The Donald Trump administration has imposed a 50 per cent import duty on Indian goods entering American markets since August 27. The minister informed that GCC (Gulf Cooperation Council) too is interested in trade pact talks. GCC is a union of six countries in the Gulf region Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. New Delhi has already implemen

India's merchandise exports up in first 3 weeks of November: Piyush Goyal

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

Working on Jan Vishwas Bill-3 to decriminalise minor biz offences: Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said the ministry has started work on further decriminalisation of minor business offences through the third edition of Jan Vishwas bill. He said that the ministry has already identified about 275-300 provisions, which can be decriminalised. "Preparations for Jan Vishwas Bill-3 are underway," he said here while addressing a conference of domestic traders. 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 and referred to a Select Committee. The committee has been tasked to submit its report to the House by the first day of the next session of Parliament. In 2023, the first edition of the law was implemented, which seeks to promote ease of business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. He suggested that the traders' community identify more provision

India, Canada agree to resume FTA negotiations, says Piyush Goyal

India and Canada have agreed to resume negotiations for a Free Trade Agreement (FTA) with an aim to increase the two-way trade to USD 50 billion by 2030, according to Commerce and Industry Minister Piyush Goyal. 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, Goyal said here at an event on Monday. The pact would give confidence to investors, businesses of both sides, he said. "We have agreed to begin negotiations on a high-ambition CEPA and double the trade between the two nations by 2030," he said, adding the two countries are natural allies and do not compete with each other. The strengths of India and Canada can become a force multiplier for businesses and investors, Goyal said. "There is a lot that we can learn from Canada and a lot we can offer Canada. There is a lot of potential on critical minerals, critical minerals processing technologies. There is a good ...

Goyal calls on Israeli President Isaac Herzog; discusses economic ties

Commerce and Industry Minister Piyush Goyal on Sunday called on Israeli President Isaac Herzog and discussed trade and investment ties between the two countries. He said the discussions covered the full spectrum of bilateral strategic partnership, including trade and investment, science and technology, innovation, and deeper economic engagement. "Shared the positive outcomes of the Business Forum and the CEOs Forum, and the first big step towards FTA negotiations. Also underlined India's robust growth story and the wide-ranging business opportunities for Israeli partners," Goyal said in a social media post. The Indian minister also called on Israeli Prime Minister Benjamin Netanyahu at the conclusion of his three-day visit. "Updated him on my discussions with Minister @NirBarkat and the successful holding of Business Forum and CEOs Forum held with over 60-member Indian business delegation that accompanied me," he said. Goyal also highlighted the signing of the Terms of Reference t

Guidelines for export promotion mission to be released next week: Goyal

The guidelines for the Rs 25,060-crore Export Promotion Mission (EPM) are likely to be released from next week, detailing its components and benefits for the industry, Commerce and Industry Minister Piyush Goyal said. The government, on November 12, approved the EPM with an outlay of Rs 25,060 crore for six financial years, beginning 2025-26, to help exporters deal with high tariffs imposed by the US. The mission will be implemented through two sub-schemes -- Niryat Protsahan (Rs 10,401 crore) and Niryat Disha (Rs 14,659 crore). "The guidelines for the export promotion mission will be released soon. I think the details, including its elements and how the industry can benefit from it, will be released next week," he told PTI. Under the Export Promotion Mission, priority support will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems and jewellery, engineering goods, and marine products. These sectors are facing challenges in the US

India, Israel may implement proposed FTA in two phases: Piyush Goyal

India and Israel are considering implementing their proposed free trade agreement (FTA) in two phases to ensure early benefits for the trade community of both countries, Commerce and Industry Minister Piyush Goyal said on Sunday. India and Israel on Thursday inked terms of reference (ToR) to formally launch negotiations for the agreement. The ToR include market access for goods by eliminating tariff and non-tariff barriers, investment facilitation, simplification of customs procedures, increasing cooperation for innovation and technology transfer, and easing norms to promote trade in services. "We are considering doing this in two tranches. A decision will be taken when the talks begin. Both ministers are keen to finalise the first phase early so that the trade community benefits sooner," Goyal said here. The minister is in Israel to meet leaders and businesses to discuss ways to boost bilateral trade and investments. He is leading a 60-member business delegation. Goyal said that