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Informist, Monday, Sept. 28, 2026

 

--Govt: Commerce Minister Goyal to visit US Sept 29-Oct 5

--Govt: Minister Goyal to finalise interim trade deal with US during visit

--Govt: Minister Goyal to advance trade deal talks with US during visit

 

NEW DELHI - Commerce Minister Piyush Goyal will engage bilaterally with his counterpart from the US and finalise an interim deal during his visit to the US from Sept. 29 to Oct. 5, the commerce ministry said in a press release Monday. "...Goyal will also engage bilaterally with his counterpart from the United States as part of ongoing efforts to advance a balanced and mutually beneficial India-U.S. Bilateral Trade Agreement and finalise an interim deal in line with the Joint Statement of 7 February 2026," it said.

 

Negotiations between India and the US on a trade deal have been going through many ebbs and flows. While both countries continue to negotiate a bilateral trade agreement, India is seeking preferential treatment over its Asian peers in the deal. A fresh spanner in the works is a US legislation proposing tariffs on buyers of Russian oil, giving US President Donald Trump the authority to impose tariffs of up to 100% on countries, including India, that purchase energy from Russia.

 

During his visit, Goyal will participate in the G20 Trade Ministers' Meeting to be held in Milwaukee, Wisconsin, on Sept. 30 and Oct. 1, at the invitation of the US Trade Representative. The meeting will bring together trade ministers of G20 member countries.

 

"The visit is expected to further strengthen the trade and investment partnership between India and the United States and deepen India's engagement with its G20 partners," the ministry said.

 

India will engage constructively with all G20 members and work towards a rules-based, open, inclusive, transparent, equitable and non-discriminatory multilateral trading system, with the World Trade Organization at its core, while ensuring adequate policy space for developing countries, the ministry said.

 

Goyal will conduct bilateral meetings with his counterparts on the sidelines of the meeting, which will focus on expanding opportunities for farmers, fishermen, women entrepreneurs, startups, micro, small and medium enterprises, and other enterprises. 

 

In Milwaukee and Chicago, Goyal will meet chief executives of leading US companies in manufacturing, consumer goods, agri-business, retail and technology, and participate in roundtables with businesses, startups and innovative companies. He will highlight the opportunities India offers as a manufacturing and investment destination and invite American companies to deepen their partnerships with Indian enterprises, it said.  End

 

Reported by Pratiksha 

Edited by Avishek Dutta

 

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