Union Minister for Commerce and Industry Piyush Goyal meets President & CEO of U.S-India Strategic Partnership Forum, Mukesh Aghi, in New York in September. Photo: X/@PiyushGoyal by way of ANI
It was deliberate to conclude the primary tranche of the pact by the autumn (October-November) of 2025. So far, 5 rounds of negotiations have been accomplished.
“The Indian crew will go to this week,” the official added.
Last month, Commerce and Industry Minister Piyush Goyal led an official delegation to New York for commerce talks. After that assembly, India and the U.S. determined to proceed negotiations for an early conclusion of a mutually helpful Bilateral Trade Agreement.
Both sides held constructive conferences on numerous features of the commerce deal. During the go to, the Minister held conferences with United States Trade Representative (USTR) Jamieson Greer and U.S. Ambassador-designate to India Sergio Gor.
The negotiations are necessary because the U.S. imposed a 25% reciprocal tariff and a further 25% penalty on Indian items getting into the American marketplace for buying Russian crude oil.
At current, a complete of fifty% further import obligation is imposed on Indian items. The pact goals to greater than double the bilateral commerce to $500 billion by 2030, from the present $191 billion.
The U.S. remained India’s largest buying and selling companion for the fourth consecutive 12 months in 2024-25, with bilateral commerce valued at $131.84 billion ($86.5 billion exports). The U.S. accounts for about 18% of India’s whole items exports, 6.22% in imports, and 10.73% within the nation’s whole merchandise commerce.
Published – October 13, 2025 04:56 pm IST
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