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2h ago

India Sends Piyush Goyal to US on Sept. 22 to Accelerate Trade Deal Talks

The visit is intended to speed negotiations toward an initial trade pact under pressure from 50% US tariffs.

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.
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Overview

  • India’s Commerce Ministry confirmed that Piyush Goyal will lead a delegation to the United States on September 22 for the next round of bilateral trade negotiations.
  • A seven-hour meeting on September 16 in New Delhi between USTR’s Brendan Lynch and India’s Rajesh Agrawal was described as positive, with both sides agreeing to intensify efforts.
  • The United States’ combined 50% tariffs on select Indian goods remain in effect, creating urgency for progress on at least an initial agreement.
  • Key differences persist over US requests for greater access to India’s agriculture and dairy markets and broader market access that New Delhi views as politically sensitive.
  • Roughly five rounds of talks have been completed, with an initial phase targeted for late 2025 and a goal of lifting bilateral trade toward about $500 billion by 2030.