Commerce and Industry Minister Piyush Goyal has said India will secure one of the “best” trade deals with the United States in every respect. His comments come as the two countries continue negotiations following changes in the US tariff landscape.
Visakhapatnam, November 12 — India will have one of the “best” trade deals with the United States in every respect, Commerce and Industry Minister Piyush Goyal said on Thursday, expressing confidence over the outcome of ongoing trade negotiations between the two countries.
Speaking to reporters in Visakhapatnam, Goyal said India has negotiated a “very good set of outcomes” with the US as part of the proposed trade agreement.
“And in every respect, India will have one of the best deals with the US,” Goyal said.
India-US trade negotiations continue
India and the United States have been working on a bilateral trade agreement aimed at strengthening economic and commercial ties between the two countries.
According to the source, the two sides finalised a framework for the first phase of the bilateral trade agreement in February.
However, subsequent changes in the US tariff landscape resulted in further negotiations between New Delhi and Washington.
The source does not provide details about the specific tariff concessions, market-access commitments or sector-wise outcomes being negotiated by the two countries.
Goyal confident about final outcome
Goyal’s remarks signal confidence from the Indian government that the eventual agreement will offer favourable terms for India.
The Commerce Minister emphasised that the country has negotiated a strong set of outcomes and expects the final arrangement to rank among the best trade deals offered by the US.
The negotiations are significant because any bilateral trade agreement between the two countries could influence tariffs and market access for businesses operating across the Indian and American markets.
However, details of the final agreement, including its implementation timeline and individual tariff provisions, have not been disclosed in the source.
Tariff changes led to further talks
The bilateral trade agreement had reached an important milestone when India and the US finalised the framework for its first phase in February.
Changes in the US tariff environment subsequently required the two sides to undertake additional negotiations.
Goyal’s latest comments indicate that discussions remain focused on securing favourable outcomes for India despite those changes.
The source does not specify when the negotiations are expected to conclude or when the proposed agreement could be formally signed.
For now, Goyal has maintained that the outcome negotiated by India will ensure that the country receives one of the “best” deals with the United States.
