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Goyal Leads India–U.S. Trade Talks in Washington; Jaishankar–Rubio Meeting Set in New York

The visit seeks to turn a recent thaw into concrete steps on tariffs, visa fees, market access.

U.S. Secretary of State Marco Rubio and India's External Affairs Minister Subrahmanyam Jaishankar walk together at the State Department in Washington, D.C on July 1 (REUTERS FILE PHOTO)
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Union Minister of Commerce & Industry, Piyush Goyal.
The visit follows daylong discussions on Wednesday between US chief negotiator Brendan Lynch and his Indian counterpart, Agrawal, on the proposed Bilateral Trade Agreement (BTA) in New Delhi.

Overview

  • India’s commerce ministry says Piyush Goyal’s delegation, including chief negotiator Rajesh Agrawal, opens ministerial discussions on Sept. 22 to push an early first tranche of a Bilateral Trade Agreement.
  • A Sept. 16 seven-hour session in New Delhi between Assistant USTR Brendan Lynch and Agrawal was described as constructive, with an agreement to intensify efforts toward a deal.
  • Talks follow U.S. duties totaling 50% on select Indian exports—25% base tariff plus a 25% levy linked to Russian oil purchases—which have hit orders in labor‑intensive sectors.
  • External Affairs Minister S. Jaishankar is scheduled to meet U.S. Secretary of State Marco Rubio today at the UNGA, with tariffs and the new $100,000 H‑1B application fee expected to be raised.
  • Negotiators are pursuing a phased pact directed by leaders in February to more than double trade to $500 billion by 2030, while India continues to hold firm on agriculture and dairy access.