Commerce minister Piyush Goyal to visit US for trade talks, G20 ministers’ meeting

Commerce and Industry Minister Piyush Goyal embarks on a visit to the United States from September 29 to October 5, 2026, for trade discussions and the G20 Trade Ministers’ meeting in Milwaukee, Wisconsin. The meeting aims to finalize an interim trade agreement between India and the US, as outlined in a February 2026 framework. India intends to import $500 billion worth of American products, including energy resources, aircraft, precious metals, technology goods, and coking coal, over a five-year period.

During his visit, Goyal will engage in bilateral talks with US Trade Representative Jamie Pressly Greer to discuss advancing the trade pact and provide Washington with a competitive edge for Indian products in the US market. Imports from the US surged by 21% in August, reaching $8.3 billion, while exports to the US rose by 65.78% to $5.97 billion.

Despite the 10% additional duty on Indian goods imposed under Section 301 of the US Trade Act, the US continues to investigate India's excess capacity and has introduced the Lindsey Graham Sanctioning Russia and Iran Act of 2026, which allows for up to 100% tariffs on countries purchasing Russian oil and gas. Additionally, Goyal will meet CEOs of leading American companies in various industries, including manufacturing, consumer goods, agriculture, retail, and technology.

The visit aims to strengthen the trade and investment partnership between India and the US and deepen India's engagement with G20 partners.