Commerce Minister Goyal defends India against U.S. forced labour and excess capacity investigations
Goyal said India has banned forced-labour imports and has no structural excess capacity, while warning that unilateral tariffs must follow World Trade Organization rules.
- On Thursday, Union Commerce and Industry Minister Piyush Goyal held bilateral talks with Poland's Andrzej Domański and Brazil's Mauro Vieira on the sidelines of the G20 Trade Ministers' meeting in Milwaukee.
- Goyal is conducting a week-long US visit through October 5, focusing on expanding India's preferential market access by finalizing trade deals and reviewing existing pacts with multiple partners.
- India-US negotiations are in the "short strokes," United States Trade Representative Jamieson Greer told ANI, though he cautioned that an announcement regarding the Bilateral Trade Agreement is not imminent.
- Addressing US investigations into forced labour and structural excess capacity, Goyal emphasized that India's manufacturing serves domestic needs and urged all trade measures comply with World Trade Organization rules.
- Officials aim to conclude pending agreements before the G20 Leaders' Summit scheduled for December 14-15 in Miami, Florida, as Goyal described the next 90 days as "a very defining period" for trade expansion.
21 Articles
21 Articles
Commerce Minister Goyal defends India against U.S. forced labour and excess capacity investigations
Mr. Goyal’s remarks in the U.S. comes even as the U.S. Trade Representative has already levied a 10% ‘forced labour’ tariff on imports from India, and is in the process of investigating it for structural excess capacity, which could result in further tariffs
Piyush Goyal holds trade talks with France, Canada, Saudi Arabia and South Korea
Piyush Goyal met trade ministers from France, Canada, Saudi Arabia and South Korea on the sidelines of the G20 meeting in Milwaukee. The talks aimed to advance FTAs, widen market access and draw more manufacturing investment into India.
India goes FTA shopping at G20 as Piyush Goyal works the room with a cart full of trade deals
India's Commerce Minister Piyush Goyal is actively engaged in negotiations for several trade agreements at the G20 meeting. Talks with the US include an interim pact and finalizing issues for a broader agreement. Discussions with Canada aim to conclude a Comprehensive Economic Partnership Agreement by the end of 2026. Existing trade agreements with the UK and Australia are also under review for their implementation and effectiveness.
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