Piyush Goyal hopes for India-U.S. commerce deal in close to future

Commerce and Industry Minister Piyush Goyal on Thursday (October 23, 2025) mentioned he hoped for a commerce take care of the U.S. to materialise within the “close to future”. He added that the groups of each nations have been in dialogue and that talks have been “progressing”.

Mr. Goyal is in Berlin for the time being, following a brief journey to Geneva to talk on the sixteenth session of the United Nations Conference on Trade and Development.

“We are in dialogue with the United States of America,” Mr. Goyal instructed the media in Berlin. “Our groups are engaged. We just lately had the Commerce Secretary go to the U.S. and he met together with his counterparts. We proceed to interact with them and talks are progressing. We hope to work in the direction of a good and equitable settlement within the close to future.”

Path forward

These statements come at a time when relations between India and the U.S., although presently overtly thawing, stay tense beneath the cloud of the 50% tariffs the U.S. has imposed on imports from India. 

U.S. President Donald Trump has just lately asserted a number of occasions that India will lower its oil imports from Russia — the primary cause behind the inflated tariffs on India. However, India has not formally confirmed this and has, in actual fact, mentioned that it could safe its nationwide and power safety nevertheless it noticed finest. 

At the identical time, varied Indian authorities officers have gone on the report to say India is eager to extend its power imports from the U.S. 

Also learn: No take care of U.S. ever closing, India ought to safe its personal pursuits: commerce analyst

It stays to be seen when Prime Minister Narendra Modi will meet Mr. Trump subsequent because the dates of the following Quad Summit haven’t but been finalised, and Mr. Modi has mentioned he’ll attend the upcoming ASEAN summit solely just about. 

European deal

Separately, Mr. Goyal throughout his journey additionally held talks with varied officers in Europe relating to the India-European Union free commerce settlement negotiations.

“Had a productive engagement targeted on the constructive decision of the excellent points with respect to the India-EU FTA with Mr. Maroš Šefčovič, EU Commissioner for Trade and Economic Security, forward of my Brussels go to beginning subsequent week,” Mr. Goyal mentioned on X on Wednesday (October 22). 

“The shared dedication on each side in the direction of redefining the connection is deeply encouraging,” he added.

Deeper engagement

On Thursday (October 23), the Minister posted that he had met Katherina Reiche, the German Federal Minister for Economic Affairs and Energy.

“Our discussions targeted on deepening Indo-German ties in commerce and funding, joint industrial and technological partnerships in inexperienced power, new and rising applied sciences, in addition to defence,” Mr. Goyal mentioned. “Talks additionally coated Germany’s dedication to finalising the India-EU FTA.”

During his time in Berlin, the Minister additionally met Levin Holle, Economic and Financial Policy Advisor on the Federal Chancellery and Germany’s G7 & G20 Sherpa. 

He additionally chaired a roundtable with CEOs and leaders of German Mittelstand firms on the Indian Embassy, who conveyed their “keenness to do enterprise in India and broaden present investments”, the Ministry of Commerce and Industry mentioned in a launch.

The Ministry added that Mr. Goyal is scheduled to satisfy Xavier Bettel, Deputy Prime Minister and Minister of Foreign Affairs and Trade of Luxembourg and maintain one-on-one discussions with CEOs of main German firms, together with Infineon Technologies, Schaeffler Group, Renk, HerrenknechtAG, Enertrag SE, and the Mercedes Benz Group.