India, US Accelerate Trade Deal Negotiations: Piyush Goyal Confident of Quick Closure
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News18•31-01-2026, 20:00
India, US Accelerate Trade Deal Negotiations: Piyush Goyal Confident of Quick Closure
- •Commerce Minister Piyush Goyal announced that India and the US are actively working to finalize a bilateral trade agreement.
- •Goyal expressed confidence that 'good news' regarding the trade deal would be announced soon, highlighting strong working relations with his US counterpart.
- •External Affairs Minister S Jaishankar is set to visit Washington for talks on critical minerals and is expected to meet Secretary of State Marco Rubio to discuss the trade pact.
- •A US Trade Representative delegation, led by Ambassador Rick Switzer, visited New Delhi in December 2025 for trade discussions.
- •Goyal clarified that India's purchase of Russian oil is not an 'irritant' in bilateral relations, stating any misunderstandings have been largely resolved.
Why It Matters: India and the US are rapidly progressing towards a bilateral trade deal, with leaders optimistic about a swift conclusion.
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