Stories
India, US Push for Interim Trade Deal; Goyal Meets Greer Amidst G20 Discussions
- •Commerce and Industry Minister Piyush Goyal met US Trade Representative Jamieson Greer at the G20 Trade Ministers' Meeting in Milwaukee to advance an interim bilateral trade agreement.
- •Goyal described the discussion as "productive" towards an early and mutually beneficial interim agreement under the India-US Bilateral Trade Agreement.
- •The meeting follows months of negotiations, with both New Delhi and Washington aiming to conclude the first phase of a broader trade pact.
- •External Affairs Minister S Jaishankar indicated an understanding on the trade agreement is "very, very far advanced," but its conclusion depends partly on the US' Section 301 tariff process.
- •Goyal also addressed the "weaponisation of food through coercive trade action" at the G20, emphasizing the need to distinguish it from legitimate food security measures.
Key Questions Answered
Commerce and Industry Minister Piyush Goyal met US Trade Representative Jamieson Greer on the sidelines of the G20 Trade Ministers' Meeting in Milwaukee to push for the early conclusion of a mutually beneficial interim trade agreement under the India-US Bilateral Trade Agreement.
India has raised concerns with Washington over a US law granting the president authority to impose tariffs of up to 100% on countries purchasing Russian oil and gas, with External Affairs Minister S. Jaishankar addressing these interests with US Secretary of State Marco Rubio.
During a G20 session on the weaponisation of food through coercive trade action, Piyush Goyal emphasized that countries must distinguish between the weaponisation of supply chains and legitimate domestic policy measures taken to ensure food security.
