Union Commerce and Industry Minister Piyush Goyal on Monday (January 12, 2026) has given a big update regarding the trade deal between India and the European Union (EU). He said that India’s negotiations on a trade agreement with the European Union are in the final stages. He also said that we are also in talks with America regarding a bilateral trade deal.

India-EU talks continue regarding FTA

The Union Minister has given this statement in the Regional MSME Conclave during the Vibrant Gujarat Regional Conference organized in Rajkot district of Gujarat. Goyal recently returned from Brussels, where he held talks with EU Trade and Economic Security Commissioner Maros Sefcovic on the India-European Union Free Trade Agreement (FTA). India’s effort in the FTA with the EU is to provide zero duty access to labour-intensive sectors, which include textiles, leather, apparel, gems and jewelery and handicrafts.

Today’s MSMEs are the big industries of the future. pic.twitter.com/jlwgj6Pi2Y

— Piyush Goyal (@PiyushGoyal) January 12, 2026

Piyush Goyal posted on

Goyal said in a post on social media platform X, ‘During this conversation, we discussed the main areas of the proposed agreement. We reiterated our commitment to a rules-based trading framework and a modern economic partnership that protects the interests of farmers and MSMEs. It also integrates Indian industries into the global supply chain.

It was a great pleasure to share my views at the Regional MSME Conclave today during the Vibrant Gujarat Regional Conference held in Rajkot.

Prime Minister of Vibrant Gujarat for 22 years @NarendraModi This is a living story of JI’s visionary leadership. A small seed sown by Modi ji in 2003… pic.twitter.com/ZuSueiP5WC

— Piyush Goyal (@PiyushGoyal) January 12, 2026

What did Sergio Gore say about trade with India?

This statement of Goyal has come at a time when recently appointed US Ambassador Sergio Gore in New Delhi said that India and America are continuously talking on trade deal and the next meeting is proposed on Tuesday (January 13, 2026).

While talking to staff and journalists while taking charge at the US Embassy, ​​Gore said that US President Donald Trump has sent good wishes for Indian Prime Minister Narendra Modi. He said, ‘The friendship between Prime Minister Narendra Modi and President Donald Trump is genuine and the relationship between India and America is not only focused on mutual interests, but is also bound by relationships built at the highest level.’

True friends resolve mutual differences: Gore

He further said, ‘True friends may disagree on many issues, but in the end they resolve their differences.’ According to Gore, trade between India and America is very important and apart from this, both the countries will continue to work together on issues like security, counter-terrorism, energy, technology, education and health.

Also read: How did ISRO’s PSLV-C62 get lost in space? Launched with 16 satellites including Anvesha

Relations between America and India appear to be strengthening once again. The White House said on Tuesday that US President Donald Trump and Indian Prime Minister Narendra Modi hold frequent talks, while the business teams of the two countries are also continuing serious and constructive talks.

White House Press Secretary Carolyn Levitt said in a conversation with reporters, “President Trump respects Prime Minister Modi very much and he talks to him often.” He said that serious discussions are continuously taking place between the two countries regarding trade and economic cooperation, which is an indication that the talks between the two countries are moving in the right direction.

Levitt also told that recently on the occasion of Diwali, Trump had talked to Modi in the Oval Office of the White House. During this time many senior Indian-American officials were also present. He said, “President Trump is very positive about India-US relations and wants to take this relationship forward very strongly.” He also praised US Ambassador Sergio Gore, who is playing an active role in strengthening diplomatic relations on behalf of the US in New Delhi.

After trade dispute, now there are signs of improvement in relations

During his visit to South Korea last week, Trump had said that he wants to make a new trade deal with India. This statement has come at a time when relations between the two countries had soured in the last few years. In fact, Washington had increased the tariff on Indian imports from 25% to 50% due to India continuing to purchase Russian oil.

America made this increase on July 30 and a week later an additional 25% duty was imposed. However, after new US sanctions were imposed on Russian oil majors Rosneft and Lukoil, Indian oil companies have reduced the import of Russian crude oil.

Analysts believe that this development indicates new warmth in India-US relations. It is also clear from the recent statement of the White House that the trade partnership and strategic cooperation between the two countries can gain further momentum in the coming months.

Read this also-

Trump had threatened Nigeria with airstrike, now China’s reaction has come; Gave this answer to America

India US trade talks: Former Reserve Bank of India (RBI) Governor Raghuram Rajan has expressed his opinion regarding the ongoing tariff talks between India and America. Rajan said in an interview given to American think tank DeKoder that India should aim to keep its tariff level in the range of 10 to 20 percent in the ongoing trade talks with America. India should not make any promise which will be difficult to fulfill.

Everyone is curious about the results of the ongoing trade talks between India and America. America has imposed a tariff of 50 percent on India. Market experts believe that there is every possibility of loss to the Indian economy due to this.

What did former governor Raghuram Rajan say?

During a conversation with American think tank DeKoder, Rajan talked about keeping India’s tariff level in the range of 10 to 20 percent. He also said that India should not make tough commitments like Japan and European countries. Due to which the country’s economy may suffer losses in future. According to Rajan, if India can reach zero tariff level in this tariff negotiation, it will be good for the country.

At the same time, we have to keep in mind that we should not be left behind by our competitors. Many countries of East and South Asia have agreed to 19 percent tariff on American tariff. Whereas, if we talk about developed countries like Europe and Japan, the tariff has been agreed upon at 15 percent. Raghuram Rajan feels that, keeping all these things in mind, India should keep the tariff level from America between 10 to 20 percent.

Tariff talks continue between India and America

America has imposed a huge tariff of 50 percent on goods imported from India. Due to which the demand for Indian products is likely to fall in the American market. Tariff negotiations have taken place at many levels between America and India. Recently, an Indian delegation has returned from a trip to America.

Indications are being given from both the countries that the talks will be positive. America is talking about a ban on buying Russian oil. However, India has clarified that their objective will be according to the interests of Indians.

Also read: Indian economy shines in the festive season, petrol consumption reaches its highest level

India US trade talks: Commerce and Industry Minister Piyush Goyal gave information about the bilateral trade agreement between India and America in a press conference on Saturday. He said that talks between the two countries are going on at a positive level. He has also informed that the Central Government will not make any kind of compromise regarding the interests of the farmers, fishermen and small enterprises (MSMEs) of the country.

Full care will be taken of India’s farmers, fishermen and MSME sector. He said that the interest of the country is supreme. Recently, an Indian delegation had gone to Washington. Where Indian representatives met American officials.

What did the Commerce Minister say?

Commerce Minister Piyush Goyal, while talking to journalists, gave a clear message that the Government of India will never compromise with the interests of its farmers. This statement has come at a time when America has imposed 50 percent tariff on India. America had also demanded concessions in the agricultural sector. Which has not been accepted by the Government of India. However, Goyal said that India and the US have friendly relations and described the bilateral trade agreement between the two countries as positive. Last month, Goyal himself traveled to New York with a team on a trade agreement.

Recently a team of Indian representatives had gone to Washington. These meetings, which lasted for 3 days, ended on 17 October. The team was led by Commerce Secretary Rajesh Aggarwal. According to the information received, this discussion between the two countries was very positive. Also, consensus has been reached on many issues in earlier visits also. Let us tell you that till now five rounds of talks have taken place.

What is America India dispute?

Relations between India and America have been quite tense in the last few days. Relations between the two countries have deteriorated since the Trump administration announced imposing heavy tariffs of up to 50 percent on Indian goods. America has also imposed an additional duty of 25 percent on purchasing crude oil from Russia. Due to which the total tariff has reached 50 percent.

Also read: Market became happy with GST 2.0! Mother Lakshmi has reached every house: Finance Minister

Union Commerce and Industry Minister Piyush Goyal on Saturday (October 18, 2025) has given a big statement regarding the ongoing trade talks between India and America. Piyush Goyal said that talks between India and America on the proposed bilateral trade agreement are progressing in a cordial atmosphere. He also said that India is fully committed to protecting the interests of farmers, fishermen and MSMEs.

Goyal said in a press conference organized on GST Bachat Utsav, ‘There can be no agreement with the farmers of India, the fishermen, the MSME (Micro, Small and Medium Enterprises) sector of India until we completely take care of the interests of the country.’

In response to a question about the progress of talks between the two countries on the proposed agreement and when it will be completed, Goyal said, ‘The talks are going on in a cordial atmosphere.’ This comment is important because America is seeking concessions in India’s agriculture sector.

Commerce Secretary leads Indian officials in Washington

A team of Indian officials led by Commerce Secretary Rajesh Agarwal was in Washington this week for trade talks with their US counterparts. In February this year, the leaders of India and the US had asked officials to take forward negotiations on a proposed bilateral trade agreement (BTA).

He has set a deadline to complete the first phase of the agreement by October-November in 2025. So far five rounds of talks have been completed. Last month, Goyal led an official delegation to New York for trade talks.

Demand for India’s goods and services across the world- Goyal

Goyal expressed confidence that despite global challenges due to US tariffs, there will be positive growth in India’s exports. He said that during the first six months (April-September) of this financial year, growth in the country’s goods and services exports has been recorded.

It increased by about five percent to $413.3 billion during April-September of the current financial year 2025-26. During this period, India’s merchandise exports also increased by three percent to $220.12 billion. He said, ‘There is demand for our goods and services across the world and India will continue to move forward on this growth path and we are confident that there will be positive growth in the country’s exports in 2025-26.’

GST Reforms will give impetus to the country’s economy – Goyal

In response to a question, Goyal also said that reforms in GST will give impetus to the economy and help in dealing with the impact of global challenges. Referring to the benefits of the recent cut in GST rates, he said, ‘As soon as GST was announced, investors immediately realized that this is a big benefit. There will be a huge increase in demand.

Asked whether some e-commerce companies have not passed on the benefits of the GST cut to consumers, the minister said that generally all companies have passed on the benefits and have also announced cash bonuses and discounts.

Goyal said, ‘But if any site or platform has not provided benefits, then the consumer can complain and the consumer affairs department will take necessary action on it. All industries and companies have assured me that the entire benefit will be passed on to the consumers.

Also read: ‘Rahul ji, your father bought the plane from Boeing for commission…’, Nishikant made allegations on Air India plane purchase.

Us tariff on india: US President Donald Trump had put a 50 percent tariff on Indian goods. Then recently he has announced to impose 100 percent tariff on imports of medicines. According to a report, these decisions of Trump administration can have a negative impact on India’s economic growth.

The report of Crisil Intelligence reports that the high tariff of America can pose a big threat to the country’s economic growth. Crisil has also reported that this will also have a negative impact on the export and investment of Indian goods. However, the softening of inflation and the cuts made in interest rates have increased consumption of household goods, which is expected to support the economic growth.

The GDP was ahead of the previous year in the first quarter of the financial year 25-26. In the last year, where GDP was 7.4 percent in this period, this year it is 7.8 percent. The increase in nominal GDP declined to 8.8 percent, which was 10.8 percent in this period last year.

What will be the effect on inflation?

Crisil has stated in its report that inflation on the basis of consumer price index (CPI) in the current financial year can decrease from 4.6 percent to 3.5 percent. Crude oil prices are also expected to be curbed on softening and globally non-eating inflation.

According to the report, the growth of the agriculture sector has been good, which can keep food inflation controlled. However, in some areas, crops have been damaged due to heavy rains, but how big the damage is, it has not been assessed yet. Also, till June this year, RBI has cut the repo rates by 100 basis points. Now the positive impact on the market of these cuttings is awaited.

Trade talks continue from America

In the midst of all these, the conversation between India and America has started again. This month, American officials visited India]after which India has also sent its team to America. The team is being led by Commerce Minister Piyush Goyal. Till now the conversation is being said to be positive, if the matter between the two countries becomes quick, then it will remain a positive impact on the Indian economy.

Also read: Let’s withdraw money from PF by giving incorrect information? Know whom EPFO ​​will charge the full amount from people?

American Donald Trump recently surprised everyone by announcing a historic trade agreement with Pakistan, while on the other hand he talked about imposing 25% tariffs and additional tariffs on India. It is clear from the timing of both these announcements that the Trump administration is adopting a new strategic pressure policy in South Asia.

Pakistani Prime Minister Shahbaz Sharif thanked Trump for the agreement and described it as a step to expand the boundaries of permanent partnership. At the same time, India took cognizance of Trump’s statements and said that it is evaluating the effects and is committed to mutual beneficial trade agreement.

Oil and investment for Pakistan
Trump also spoke about an energy partnership with Pakistan in his Truth social post. He wrote that we have entered into an agreement with Pakistan, under which the two countries together will develop its huge oil reserves. It is going to be confused because there is not much practical information about Pakistan’s oil reserves. Experts believe that Pakistan may have oil sources in some limited areas, but they are still unknown for technical, financial and geopolitical reasons.

Trump’s pressure on India
A day earlier, Trump had announced a 25% tariff on all imports on India and additional fine on defense and energy agreements with Russia. He described India’s tariff as the world’s most rigorous and unpleasant and said that India would have to pay 25 percent tariffs and a fine for the above from 1 August. In addition, Trump described India’s membership in BRICS as part of the anti-America group and said that it is part of the US dollar attack. This comment directly questions India’s multilateral foreign policy and strategic autonomy.

Also read: Pakistan has a lot of power to compete with ‘Holocaust’, how powerful in the claim of Pak Army, how powerful?

Dollar vs rupee: The continuation of the rupee due to the strength of the dollar in the international market came to an end on Tuesday. During the early trade, the Indian rupee strengthened by five paise to 86.26 per dollar against the US dollar amid positive trends in domestic stock markets. Forex traders say that the situation of uncertainty on tariffs globally remains a big concern for the foreign exchange market. In such a situation, the business of currencies is being done in a very limited range.

Rupee strengthening

During the early trade, the rupee touched the level of 86.29 per dollar. A day earlier on Monday, the rupee fell by 15 paise and it closed at 86.31 trading compared to the dollar. Here, the dollar index, showing the US dollar status against six major currency, rose by 0.03 percent to 97.88. Investors’ eyesight now rests on 1 August by US President Donald Trump regarding the tariff.

India USA watching the deal

Anil Kumar Bhansali, Head of Treasury and Executive Director of Finrex Advisors LLP, says that the price of Brent crude in the Asian market has declined in the Asian market amid the possibility of tension in American and European trade. The direct effect of any kind of obstruction in the trade deal can also be seen on the demand for economic activity and oil.

Bhansali says that on one side the dollar is constantly strengthening. But the dollar is being sold by RBI to save the rupee.
Forex traders say that now everyone is eyeing the trade deal between India and the American, especially on August 1, the confusion has increased in the minds of Indian exporters regarding possible tariffs.

Also read: How cheap gold became today or expensive, know the fresh sense of your city on 22 July 205

Us tariff on india: us President Donald Trump Recently announced that he has signed letters related to tariffs to 12 countries, which is completely clear. Countries who agree with these proposals can take it, otherwise they can leave. This letter has an outline of potential tariff levels, which is now 70 Can go up to percentage.

Trump Has revealed that these tariffs could be effective from August 1. He refused to name the countries involved, but experts believe that India may be included in those countries who will receive this letter. Due to this, there is a threat of high tariff for India.

Negotiations between America and India regarding trade deal

India and America have had several rounds of trade talks since March this year. The round of conversation started on 26 June was the fourth attempt of this year, but Early Harvest Deal or Mini There was no concrete consent on the trade agreement. America revised genetically in India (Gm) Crops and Dairy Open market for products, while India has imposed traditional restrictions on them.

America Custom for American vehicles in India-Free Entry Wants, but India in return Indian steel, Aluminum And Auto Parts But the American is demanding the removal of tariffs. Due to disagreement on these issues, India Wto Under this, a 30 -day notice has been issued to the US, stating that if the solution is not found, it can suspend concessions on American imports.

Trump Of policies of Effect And India’s strategy

Trump Administration policies America First The agenda has been focused on the agenda, which means they want to improve their business balance through tariffs. Steel already in March and April, Aluminum, Auto And Auto Parts But heavy tariffs have been installed. Liberation Day Of Name 2 on 2 april Total 26 to India under tariff scheme declared Per cent Tariff has to be faced. India’s strategy is now bilateral dialogues as well as multilateral forums Wto But also to be active. If America Our If the attitude softens and protects India’s interests, then an initial agreement is possible till July 9.

India will not sign on unilateral deal

India has clearly indicated that it is someone Too Will not sign unilateral and unbalanced deal. Both countries october The target has been set to reach a comprehensive trade agreement by 2025, including goods as well as services and investment. Prime Minister Narendra Modi and President Trump Of February of It was also decided in the meeting that by 2030 bilateral trade $ 500 Billion Will be transported to

Also read: Dubai Disappeared from 50 kg of gold and crores Cash… Learn Pnb Scam In Involved Nehal Modi’s Crime Horoscope

US Trade Policy 2025: US President Donald Trump has made it clear that the tariff deadline of July 9 is not a confirmed date. He said that America can increase it and less, it will all depend on how the talks with other countries go on business.

US President Trump made a big claim

Talking to the media at the White House, Trump gave an open warning. He said, “We can change the decision whenever you want. Can take it forward or do it quickly. I want to hurry and send a letter directly to everyone- congratulations, now you are paying 25 percent tax.” Last week, while the discussion of America was over the attack on Iran and tax bill, now the Trump administration has increased the focus on trade.

US Finance Minister Scott Besant said this

On Thursday, the US sent a new trade proposal to the European Union, while India has sent its delegation to Washington for trade talks. At the same time, US Finance Minister Scott Besant has said that business agreements may take some time, but many important agreements can be completed by Labor Day (early September).

Talking to the Fox Business Network, Besant said, “We are getting proposals from many countries. We have 18 important business partners. If we finalize the agreement with 10 or 12 of these and we are also interacting with countries with 20 more economies, then it is possible that we complete the business process till Labor Day.”

Tariff discount will end on July 8

It is worth noting that in April 2025, US President Donald Trump had announced the implementation of the recipe rifle on almost all foreign imports. Under this, the goods on which more than 10% tariffs were to be imposed, they were given a discount of 90 days so that the country could make agreements through mutual negotiations. This discount is ending on 8 July.

However, by the end of May, Trump’s stance became more strict. He warned to impose import duty up to 50% on goods coming from the European Union. EU has already faced American tariff in several stages.

Also read-

Trump furious after Khamenei’s warning, said- ‘Iran will not bomb it again’