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Goyal Boosts Trade Ties with Brazil, Mexico Amid US Tariff Challenges
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News18•01-10-2026, 10:45
Goyal Boosts Trade Ties with Brazil, Mexico Amid US Tariff Challenges
- •Commerce Minister Piyush Goyal met with Brazilian and Mexican counterparts on the sidelines of the G20 Trade Ministers’ Meeting to strengthen trade and investment ties.
- •Discussions with Brazil focused on expanding the India-MERCOSUR preferential trade agreement, sectoral cooperation, and G20/WTO coordination.
- •Goyal and Mexico's Secretary of Economy Marcelo Ebrard explored deepening cooperation and unlocking new avenues for trade and investment.
- •Both Brazil and Mexico have faced significant trade tariffs imposed by the Trump administration, leading to economic uncertainty.
- •Goyal also held meetings with Poland's Finance Minister and US Trade Representative Jamieson Greer to discuss trade agreements.
Key Questions Answered
Piyush Goyal met with Brazilian Trade Minister Marcio Fernando Elias Rosa and Foreign Minister Mauro Vieira on the sidelines of the G-20 Trade Ministers' Meeting to discuss expanding the India-MERCOSUR preferential trade agreement, strengthening sectoral cooperation and investment ties, and enhancing coordination at the G20 and WTO.
The US administration announced a 25 per cent Section 301 tariff on certain Brazilian goods on July 15, followed by another measure on July 23 that added a 12.5 per cent tariff on specific Brazilian imports.
Piyush Goyal met with US Trade Representative Jamieson Greer to hold productive discussions aimed at an early conclusion of a mutually beneficial interim trade agreement between India and the US.
