India and US Trade Deal Nears Completion, Says Piyush Goyal
'Major Points Settled': Piyush Goyal Says India-US Trade Deal Nearing First Tranche Completion

Image: News 18
India is on the verge of completing the first phase of its trade agreement with the United States, according to Union Commerce Minister Piyush Goyal. Key issues have been resolved, and discussions are set to continue in early June, aiming for a comprehensive trade deal.
- 01Piyush Goyal announced that major points in the India-US trade negotiations have been settled.
- 02US Ambassador to India Sergio Gor stated that '99 percent of the details' of the Interim Trade Agreement are finalized.
- 03The US delegation, led by Chief Negotiator Brendan Lynch, is currently in India for meetings scheduled on June 2, 3, and 4.
- 04Key agenda items include tariff relief from US Section 301 investigations and preferential access among competitors.
- 05Bilateral trade between India and the US has surged from USD 20 billion to over USD 220 billion in two decades.
Advertisement
In-Article Ad
Union Commerce and Industry Minister Piyush Goyal announced that India is nearing the completion of the first phase of its trade agreement with the United States. He highlighted that most significant issues have been resolved, with US Ambassador to India Sergio Gor affirming that '99 percent of the details' of the Interim Trade Agreement are finalized. Some members of the US delegation have already arrived in India, with further meetings scheduled for June 2, 3, and 4. Goyal expressed confidence that the first tranche of the bilateral trade agreement would be signed soon, paving the way for broader discussions on a more comprehensive deal. Key topics for negotiation include tariff relief from US Section 301 investigations and ensuring preferential access among competitors. The ongoing talks build on a previous Indian delegation visit to Washington and follow a Joint Statement issued in February 2026 outlining a framework for reciprocal trade. With bilateral trade increasing significantly over the past two decades, both nations are eager to finalize the first tranche quickly.
Advertisement
In-Article Ad
The completion of the trade deal could enhance economic relations, leading to increased market access and investment opportunities for businesses in both countries.
Advertisement
In-Article Ad
Reader Poll
What do you think about the upcoming India-US trade agreement?
Connecting to poll...
More about Ministry of Commerce
Read the original article
Visit the source for the complete story.





