Piyush Goyal to visit Washington for trade talks amid Trump tariff threat
The Hindu
Commerce Minister Piyush Goyal to negotiate bilateral trade agreement with US, aiming to boost commerce and investments.
Commerce and Industry Minister Piyush Goyal will visit Washington next week as India, and the United States are planning to negotiate a bilateral trade agreement, an official said.
The visit will start from March 3 and the Minister is expected to be in the U.S. till Friday (March 7), the official added.
During the recent visit of Prime Minister Narendra Modi to Washington, India and the U.S. announced their commitment to more than double the two-way commerce to $500 billion by 2030 and negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025.
Mr. Goyal is likely to hold talks with U.S. Trade Representative (USTR) Jamieson Greer and U.S. Commerce Secretary Howard Lutnick during the visit.
The Commerce Ministry has already started engagements with different departments on the India-U.S. trade aspects and related developments.
The proposed agreement is an opportunity to boost bilateral trade and investments between the two countries amid threat of U.S. President Donald Trump to impose higher tariffs on Indian goods.
Tariffs are import duties imposed and collected by government and paid by the companies to bring foreign goods into the country.
