India, US Lock First Phase of Trade Pact; Legal Drafting Underway: Piyush Goyal

First phase of India-US trade agreement finalised, says Piyush Goyal - The Tribune

Union Commerce and Industry Minister Piyush Goyal on Thursday said the first phase of the India-US bilateral trade agreement had been finalised, with legal drafting currently underway.

First Tranche Of India-US Trade Deal Finalised, Draft To Be Out Soon

India and the US have been in talks since early 2025 on the proposed trade pact to address tariff friction, eliminate non-tariff barriers, and boost bilateral market access.

India, U.S. trade pact to be operationalised once India gets competitive advantage: Goyal

Piyush Goyal said that the free trade agreement between India and the European Union will be inked in December and will come into force from February or March next year.

India-US interim trade deal undergoing legal drafting; to be finalised soon: Piyush Goyal

Union Commerce Minister Piyush Goyal also said that the India-New Zealand free trade agreement (FTA) is scheduled to enter into force on October 20, following the completion of ratification by both countries.

India, US lock first phase of trade pact; legal drafting underway: Piyush Goyal

Commerce and Industry Minister Piyush Goyal announced the finalization of the first phase of the India-US trade pact. This phase is currently undergoing legal drafting, with hopes for quick finalization and operationalization. He emphasized the need for India to secure a competitive advantage over its peer countries before implementation. Additionally, Goyal stated the free trade agreement with the European Union will be signed in December.