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Goyal, Greer Hold "Productive Discussion" on India-US Interim Trade Deal
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Firstpost•01-10-2026, 09:46
Goyal, Greer Hold "Productive Discussion" on India-US Interim Trade Deal
- •Commerce Minister Piyush Goyal and US Trade Representative Jamieson Greer discussed advancing an interim trade deal during the G20 Trade Ministers' Meeting in Milwaukee.
- •The officials aim for an early conclusion of a "mutually beneficial interim agreement" under the India-US Bilateral Trade Agreement.
- •India seeks better market access for its exporters in the US, ensuring a competitive position for Indian companies.
- •A February framework outlined lower trade barriers, better market access, and discussed removing reciprocal tariffs on items like generic medicines and aircraft parts.
- •The meeting followed a phone call between PM Narendra Modi and President Donald Trump, who reviewed progress in trade, defense, and energy.
Key Questions Answered
Commerce and Industry Minister Piyush Goyal and US Trade Representative Jamieson Greer held a productive discussion on moving ahead with an interim trade deal between India and the United States.
The two countries announced a framework for an interim trade agreement on February 7, which covered tariffs, market access, and other trade issues to pave the way for a broader Bilateral Trade Agreement.
The two sides discussed removing reciprocal tariffs on several products, including generic medicines, gems and diamonds, and aircraft parts, pending the finalization of the interim agreement.
