Union Commerce Minister Piyush Goyal on Thursday said that India and the United States are making progress in trade talks, and a “fair and equitable deal” is likely to be finalised in the near future.
“We are in dialogue with the United States of America (USA). Our teams are engaged. We recently had the commerce secretary visit the US. And he met with his counterparts. We continue to engage with them and the talks are progressing,” Goyal said.
Germany | In an interaction with DD, Union Minister of Commerce & Industry, Piyush Goyal, talks about the ongoing US-India trade negotiations; says, "We are in dialogue with the United States of America. Our teams are engaged. We recently had the Commerce Secretary visit the US,… pic.twitter.com/4FyHouXthI
— ANI (@ANI) October 23, 2025
Meanwhile, Goyal had a productive engagement focused on the positive resolution of the outstanding issues with respect to the India-EU FTA with EU Commissioner for Trade and Economic Security Maros Sefcovic.
“The shared commitment on both sides towards redefining the relationship is deeply encouraging,” Piyush Goyal wrote on X after the meeting.
EU Commissioner for Trade and Economic Security said on X he was glad to have reconnected with Minister Goyal ahead of his visit to Brussels next week. “Our goal remains the same – to keep making progress and elevate the trade and investment relationship to a new level,” Sefcovic added.
On 17 June 2022, the European Union relaunched negotiations with India for a Free Trade Agreement.
The EU is India’s largest trading partner, accounting for EUR124 billion worth of trade in goods in 2023 or 12.2% of total Indian trade. India is the EU’s 9th largest trading partner, accounting for 2.2% of the EU’s total trade in goods in 2023. Trade in services between the EU and India reached EUR59.7 billion in 2023, up from EUR30.4 billion in 2020.
