Piyush Goyal

According to Piyush Goyal, the commerce ministry is also preparing standard operating procedures to support exporters if shipments need to be returned or rerouted.

Goyal said that it will be the fastest agreement to be approved by the UK parliament

Goyal said that start-ups, corporates, and MSMEs must work towards making good use of FTAs.

Commerce and Industry Minister Piyush Goyal said that India-US relationship is strong, multi-dimensional, and not only about trade as there is a huge technology overlay on it.

Exporters are facing issues with regard to the movement of consignments to West Asia following the joint attack launched by the US and Israel on Iran

Goyal said an Inter-Ministerial Group (IMG) for Supply Chain Resilience has been created to strengthen coordination and monitoring.

The Indian team was scheduled to start the three-day meeting on February 23 in the US

Goyal said PM Modi has placed big focus on 'quality consciousness' to make Indian products globally recognisable

Goyal stated that India today engages with developed economies with confidence, safeguarding sensitive sectors while securing gains in areas of competitive strength

Addressing a gathering at the GEC event in Mumbai, Goyal said recent market unease over the IT sector does not reflect the sector’s long-term prospects.

Speaking at the launch of NITI Aayog’s Frontier Tech Hub roadmap on India’s Technology Services in New Delhi, Goyal said companies should not take a “depressed outlook” on the future.

Under the new agreement, India will eliminate or reduce tariffs on all U.S. industrial goods and a wide range of U.S. food and agricultural products, including dried distillers’ grains (DDGs), red sorghum, tree nuts, fresh and processed fruit, certain pulses, soybean oil, wine and spirits, and additional products.

India, on February 7, opened their ICC Men’s T20 World Cup 2026 campaign with a 29-run win over the U.S. at Wankhede, restricting them to 132 for eight while chasing 162.

India and the United States recently announced a framework for an Interim Trade Agreement on reciprocal and mutually beneficial trade, reaffirming their commitment to a broader Bilateral Trade Agreement (BTA) that was launched by US President Donald Trump and Prime Minister Narendra Modi

Piyush Goyal said India is already importing between $45–50 billion worth of goods from the US annually, largely in areas where domestic production is limited.

Goyal asserted that there has been no compromise on farmers' welfare and that he has presented complete information transparently before the nation.

India has imposed a minimum import price (MIP) of Rs 80 per kg and an import duty of 25 per cent on apples from the US under the proposed India-US trade pact, which is expected to be signed by mid-March.

Under the framework, India will eliminate or cut tariffs on all US industrial goods and a broad basket of American agricultural products, including dried distillers’ grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruits, soybean oil, wine and spirits and additional items.

In 2024, more than $8 billion worth of Indian exports were subject to Section 232 tariffs, which range between 25% and 50% depending on product categories. Nearly $4 billion of this exposure came from automobiles and auto components

India-US Trade Deal: Under the interim agreement, India will reduce duties on high-end American cars, but no tariff concessions have been extended to electric vehicles.