{
  "id": 4872447,
  "title": "Industry, govt discuss market access issues in US ahead of Goyal’s visit",
  "url": "https://urgent.news/2026/09/01/industry-govt-discuss-market-access-issues-in-us-ahead-of-goyals-visit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T14:06:32.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/industry-govt-discuss-market-access-issues-in-us-ahead-of-goyals-visit/articleshow/133683709.cms"
  },
  "original_language": "en",
  "account": "The commerce ministry has inquired about products from Indian exporters that the United States does not produce but imports, in an effort to secure better market access for Indian goods. During a recent meeting aimed at assessing India-US trade performance, industry representatives raised concerns such as reduced order volumes from American customers, and US customs requesting details on products linked to forced labor. This gathering precedes Commerce and Industry Minister Piyush Goyal's visit to the US later this month to take part in the G20 Trade Ministers' Meeting, which takes place under the US presidency of the G20.\n\nThe meeting is of particular importance given that India and the US are currently negotiating a bilateral trade agreement (BTA). During the discussion, a participant noted the US' Section 301 investigation into excess capacity and the proposed legislation on a 100% tariff for Russian oil imports, expressing the government's interest in identifying which sectors are affected by these American actions. Industry representatives also pointed out that American buyers are not placing large orders, instead opting to diversify their sources of imports due to tariff uncertainties. Leather and footwear, textiles, marine, and polished diamond industries were mentioned as being impacted.\n\nMoreover, an exporter expressed concerns over safeguard measures imposed by the US on quartz surface products, urging the commerce and industry ministry to address this issue with American authorities. Earlier, the minister stated that the first tranche of the BTA would be implemented once the US ensures that India gains a comparative advantage over its competitors.\n\nIn the past quarter, India's goods exports to the US decreased by 0.06% year-on-year to $25.46 billion, while imports surged by 23.82% to $16.6 billion. The US has also imposed a 10% tariff on India under a Section 301 probe related to forced labor, and is in the process of enacting legislation that would see tariffs of up to 100% imposed on India among five countries for being the top importers of Russian oil and gas. Additionally, Washington has labeled India, along with 40 other countries, as part of a \"shadow trans-shipment network\" facilitating Chinese goods to bypass American tariffs. The administration also announced plans to use AI technology to identify and combat such shipments.",
  "summary": "India's commerce department seeks US market access for unique export products. Exporters raised concerns about lower US order volumes and customs inquiries. Minister Piyush Goyal will visit the US for G20 meetings and trade agreement talks. The US has imposed tariffs and is enacting legislation impacting Indian trade. India's goods exports to the US saw a slight decrease in the first quarter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}