New Delhi/Alive News: Union Commerce and Industry Minister Piyush Goyal has indicated that an announcement on the India-US trade deal could be made soon. He said negotiations between the two countries are progressing smoothly, with only a few issues left to resolve.
Speaking to Business Today TV, Goyal described the United States as an important partner for India in trade, technology, defence and critical minerals. He said both sides were holding positive discussions and expressed confidence that an agreement could be finalised soon.
“We are having fabulous negotiations with the United States of America,” Goyal said, adding that there were no major obstacles in the talks.
Earlier on Wednesday, Goyal told reporters in Visakhapatnam that India was working towards securing one of the best possible trade agreements with the US. He said New Delhi had negotiated favourable outcomes in several areas.
US Ambassador to India Sergio Gor has also expressed hope that the agreement would be finalised soon. Earlier this month, he said negotiations had been close to completion for a long time.
Gor also pointed out that the India-European Union trade agreement took nearly 20 years to conclude, while India and the US had been negotiating for just over a year.
Meanwhile, Goyal has made it clear that India will not compromise on sensitive agricultural sectors. He said the government would protect farmers’ interests and would not open the dairy sector under the agreement.
He also reiterated India’s position against allowing genetically modified (GM) products into the country.
India and the US finalised a framework for the first phase of their bilateral trade agreement in February 2026. However, changing tariff policies and global developments have led to further discussions.
The proposed agreement is expected to strengthen economic ties between the two countries, although some important issues are still being discussed.
