Piyush Goyal

Piyush Goyal said the interim framework would open up a $30 trillion market for Indian exporters, particularly benefiting MSMEs, farmers and fishermen.

Under the framework, the U.S. will apply a reciprocal tariff rate of 18 percent on Indian-origin goods, including textiles and apparel, leather and footwear, plastic and rubber products, organic chemicals, home décor, artisanal products and certain machinery.

Addressing concerns over the pact, Goyal emphasised that farmers’ interests remain fully protected and sensitive sectors will not be diluted.

Referring to opposition protests inside Parliament, Commerce Minister Piyush Goyal said he had wanted to present the government’s position in the House but was compelled to speak outside due to disruptions.

Goyal said he had intended to place his views before lawmakers but was prevented from doing so after what he described as repeated interruptions and disrespect to the Chair.

Throughout the negotiations with the United States, Piyush Goyal’s messaging remained consistent. India was open to deeper trade integration but would not accept terms that harmed farmers, MSMEs, or domestic manufacturing.

"So we are persevering towards a two trillion dollar export target. May not necessarily happen by 2030, but I'm very confident if we add the COVID lost years, we'll be able to achieve that target," Goyal said.

The India-European Union free trade agreement (FTA) is widely termed as the "mother of all deals".

The GCC is a regional grouping of six Middle Eastern countries comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

The deal is set to provide a $75 billion boost to Indian exports with preferential access in the European markets for 99 percent of goods

India and the EU first launched negotiations for a free trade agreement in 2007

Commerce and Industry Minister Piyush Goyal will hold discussions with European Union Commissioner for Trade and Economic Security Maros Sefcovic during a two-day official visit.

The New Zealand pact marks India's third free trade agreement with the Five Eyes countries, after Australia and the UK.

The India-Oman CEPA raises intra-company transferee quota from 20% to 50%, allows contractual service suppliers to stay up to two years with a possible two-year extension in Oman, and liberalises visas for business visitors and professionals across services sectors.

Union minister Piyush Goyal said nuclear power will complement solar and wind in meeting round-the-clock electricity demand in India.

Commerce minister Piyush Goyal said the current visit by the Deputy USTR, who joined recently, is not a formal negotiating round. “Negotiations are progressing well," he said on the India-US trade talks.

During their discussions, Goyal and Šefčovič carried out detailed deliberations across key areas of the proposed agreement

On special economic zones (SEZs), Union commerce and industry minister Piyush Goyal said inter-ministerial discussions are "going on very actively" to make the units in these zones competitive. Surplus capacity in SEZs can be used to reduce imports from countries such as China and ASEAN, he said.

The reset marks a shift from strained political ties to renewed economic cooperation, with both sides eyeing deeper trade, technology and energy partnerships.

The recently enacted labour codes will provide substantial benefits to unorganised workers and gig workers, said Union minister for commerce and industry Piyush Goyal. He said these workers previously had to navigate numerous forms, inspections and complex regulations, whereas the new framework simplifies processes and ensures access to proper facilities, social security and better working conditions.