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US trade talks moving at fast pace for win-win deal: Piyush Goyal
Economic Times
·
25d ago
Medial
India and the US are progressing rapidly in trade negotiations to establish a mutually beneficial bilateral trade agreement (BTA). Commerce and Industry Minister Piyush Goyal emphasized the spirit of cooperation, with Indian negotiators in Washington for discussions. The aim is to conclude the first phase by fall 2023. Commerce Secretary Sunil Barthwal highlighted ongoing talks with the EU and US, noting FTAs' importance in promoting global capability centres and including modern aspects like services, innovation, and regulatory harmonization.
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Piyush Goyal likely to meet exporters on April 9 when reciprocal tariffs take effect
Business Today
·
4m ago
Medial
Commerce and Industry Minister Piyush Goyal plans to meet exporters on April 9 to address reciprocal tariffs, notably the 26% US tariff on Indian goods. The meeting will explore strategies to mitigate tariff impacts, aiming to negotiate a bilateral trade agreement with the US and fast-track deals with other countries. Exporters seek government support through reinstating export incentive schemes. This follows Goyal's discussions with export councils on US trade issues in March.
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India, US eye breakthrough in trade talks as Piyush Goyal visits Washington this weekend - BusinessToday
Business Today
·
2m ago
Medial
Commerce Minister Piyush Goyal will visit Washington to lead critical trade talks with the U.S., aiming for an interim bilateral trade agreement. The discussions will focus on market access, non-tariff barriers, and maintaining a balanced trade relationship amidst current tariff pauses. India seeks duty reductions in labor-intensive sectors, while the U.S. seeks concessions in industrial goods and agriculture. The talks build on previous diplomatic groundwork to enhance bilateral trade, aiming for a finalized pact by 2025.
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MoS Commerce in Rajya Sabha: India continues to engage with the US to achieve enhancement and broadening of bilateral trade ties
Business Today
·
4m ago
Medial
India and the US are negotiating a Bilateral Trade Agreement aimed at enhancing market access, reducing trade barriers, and resolving key trade issues. India is open to reducing duties on items like automobiles, whiskey, medical devices, and certain agricultural goods. Meanwhile, the US seeks greater access for its agricultural products. Discussions led by US officials, including Assistant Trade Representative Brendan Lynch, are ongoing with positive progress reported. India's Minister Piyush Goyal noted the negotiations are advancing well.
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Announcement of India-US trade agreement has boosted biz confidence: Piyush Goyal
YourStory
·
5m ago
Medial
India and the US plan to negotiate a bilateral trade agreement to enhance economic ties and boost business confidence, as announced during Prime Minister Modi's visit to Washington. Commerce Minister Piyush Goyal noted this agreement aims to more than double bilateral trade to $500 billion by 2030. The deal seeks to transform world trade by leveraging competitive strengths. India is also expanding global partnerships through new trade agreements with countries like Australia, the UAE, and the EFTA bloc.
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US Trade rep urges India to ensure hardware import rules don’t hurt trade
Inc42
·
1y ago
Medial
At the 14th Ministerial-level meeting of the India-US Trade Policy Forum, US trade representative Ambassador Katherine Tai raised concerns over India's new import requirements for computers and tablets. She urged Commerce Minister Piyush Goyal to ensure that the policies do not restrict trade in the sector. Goyal cited national security concerns for the new import requirements. The implementation of the "import management system" was welcomed by Tai, who called for collaboration to ensure supply chain resilience. The government had imposed restrictions on imports of IT hardware last year, later deferring the implementation and implementing the new tracking system.
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'You can’t walk in there': Trump calls full access to India 'unthinkable' amid trade talks
Economic Times
·
1m ago
Medial
U.S. President Donald Trump expressed uncertainty about achieving full trade access to India amid ongoing trade discussions. While hinting at a potential agreement, Trump noted that existing market access restrictions make it challenging to envision unrestricted trade. U.S. Commerce Secretary Howard Lutnick expressed optimism about a deal in the near future, and India's Commerce Minister Piyush Goyal confirmed ongoing negotiations to create a balanced trade agreement. The discussions aim to address tariff and market access issues.
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U.S. trade chief flags concerns over India's license mandate for laptop, tablet imports
Reuters
·
1y ago
Medial
US Trade Chief Katherine Tai has expressed concerns to India regarding its new requirement for licenses for importing laptops, tablets, and personal computers. The move raises worries about its impact on companies like Apple and Dell, potentially leading to increased local manufacturing. Tai's intervention followed her meeting with India's Trade Minister Piyush Goyal. The licensing regime, set to begin on November 1, aims to ensure reliable hardware and systems while reducing import dependence and addressing trade imbalances. Discussions between India and the US also continue to resolve bilateral disputes at the World Trade Organisation.
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India-US trade pact talks gain momentum, says Goyal
Economic Times
·
13d ago
Medial
Commerce and Industry Minister Piyush Goyal announced that trade agreement negotiations with the US are progressing rapidly. The US delegation will visit India for further discussions, following the recent completion of the fifth negotiation round in Washington. Both nations aim to finalize the initial phase of the agreement by September-October, targeting to increase bilateral trade from USD 191 billion to USD 500 billion. Additionally, a free trade agreement with Oman is nearing completion.
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Commerce minister to meet export promotion councils on March 13
Business Today
·
5m ago
Medial
Commerce and Industry Minister Piyush Goyal will meet export promotion councils on March 13 to discuss trade issues, including recent US trade and tariff announcements. This meeting is part of regular interactions with the export councils. The discussions may cover reciprocal tariffs by the US and a proposed bilateral trade agreement. Efforts are ongoing to negotiate tariff reductions, with US President Trump planning to impose reciprocal tariffs from April 2. India aims to double bilateral trade to $500 billion by 2030.
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Will only sign mutually beneficial pact, won't sign any deal under deadline: Piyush Goyal on India-US trade deal
Economic Times
·
1m ago
Medial
Commerce and Industry Minister Piyush Goyal emphasized that India will only sign trade agreements that are mutually beneficial, without succumbing to external deadlines, regarding the India-US Free Trade Agreement (FTA). Discussions, ongoing with the Trump administration, aim to resolve issues in agriculture and auto sectors. The first tranche of a broader bilateral trade agreement is targeted for conclusion by fall, with a goal to double bilateral trade to $500 billion by 2030.
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