Now Reading: Piyush Goyal to visit US for G20 trade meet in September
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Piyush Goyal to visit US for G20 trade meet in September
Commerce Minister Piyush Goyal will travel to the US in late September to attend the G20 Trade Ministerial in Milwaukee and hold bilateral talks with USTR Jamieson Greer. The two-day ministerial begins…
Commerce Minister Piyush Goyal will travel to the US in late September to attend the G20 Trade Ministerial in Milwaukee and hold bilateral talks with USTR Jamieson Greer. The two-day ministerial begins on September 30, with the US holding the 2026 G20 presidency.
Goyal is expected to meet counterparts on the sidelines to discuss boosting trade and investments. A bilateral trade agreement between India and the US remains under negotiation. In May, USTR Greer said the G20 talks will cover forced labour, the Most-Favoured Nation principle, food trade weaponisation and structural excess capacity.
India exported goods worth about USD 87 billion to the US in 2025-26. Goyal has said the first phase of the trade pact will take effect once the US ensures India gets a comparative advantage over competitors like Sri Lanka, Bangladesh and Vietnam, which face different US tariffs.
Indian Opinion Analysis
India and the US are negotiating a bilateral trade agreement amid a shifting US tariff landscape. The US imposed an additional 10 per cent tariff on India from July 24, while competitors like Sri Lanka and Bangladesh face different rates. India's key ask is a tariff advantage that makes its goods more price-competitive in the USD 87 billion export market. The G20 ministerial sidelines give Goyal a chance to lock down the first-phase framework announced in February. A concrete outcome to watch is whether Greer and Goyal announce a timeline for the tariff advantage during the September meetings.
Source: economictimes.indiatimes.com
This brief was synthesised by AI from the source linked above.
