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Commerce Secy to Visit Mexico for Trade Talks; Peru Deal Unlikely, Says Piyush Goyal
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CNBC TV18•25-09-2026, 13:52
Commerce Secy to Visit Mexico for Trade Talks; Peru Deal Unlikely, Says Piyush Goyal
- •Commerce and Industry Minister Piyush Goyal announced that Commerce Secretary Rajesh Agrawal will visit Mexico next week for trade talks, with Terms of Reference (ToR) for a trade pact already finalized.
- •Goyal stated that a trade deal with Peru is unlikely, despite ongoing negotiations with over a dozen countries.
- •He mentioned that an India-US trade deal is "almost done and dusted," emphasizing the need to find competitive advantages to expedite agreements.
- •India is engaged in trade negotiations with Canada, Chile, Peru, SACU, Mexico, Maldives, EAEU, GCC, and Israel to expand global value chain participation and facilitate goods and services movement.
- •Goyal highlighted the critical nature of trade talks with Maldives for tourism and strategic location, and expressed hope for faster progress with Israel after its upcoming elections.
Key Questions Answered
Commerce and Industry Minister Piyush Goyal stated that a potential trade deal with Peru is unlikely to happen and may not occur anytime soon due to certain concerns over market access for specific products.
Commerce Secretary Rajesh Agrawal is scheduled to visit Mexico for trade talks, following the finalization of the Terms of Reference for a trade pact.
Piyush Goyal described the India-US trade deal as almost done and dusted, noting that they need to find the right comparable competitive advantage over competitors to quickly execute the agreement.
