{
  "id": 5344995,
  "title": "India-US Trade Pact To Be Finalised After Preferential Tariff Rate From Washington: Minister Piyush Goyal | VIDEO",
  "url": "https://urgent.news/2026/09/03/india-us-trade-pact-to-be-finalised-after-preferential-tariff-rate",
  "topic": "world",
  "section": "World",
  "published": "2026-09-03T13:33:37.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/india-us-trade-pact-to-be-finalised-after-preferential-tariff-rate-from-washington-minister-piyush-goyal-video"
  },
  "original_language": "en",
  "account": "New Delhi, September 3, 2026: Commerce Minister Piyush Goyal clarified that India's bilateral trade agreement with the United States will be finalized once Washington grants the country a preferential tariff rate, as opposed to its competitors. This tariff advantage will provide Indian goods with a competitive edge in the American market. Goyal stated that India's nine existing free trade agreements (FTAs) give preferential access to nearly two-thirds of global trade, amounting to $60 trillion in GDP. With additional trade agreements in the pipeline, India aims to leverage lower tariffs and wider market access to benefit its exporters, especially micro, small and medium enterprises (MSMEs) and first-time exporters. Goyal emphasized that the relative tariff rate, as opposed to the absolute rate, is more crucial for Indian exporters. The minister highlighted that India has secured better tariff rates than its competitors in most developed markets, but competition remains high. He urged exporters to focus on scale, quality, customer trust, and timely delivery to capitalize on these advantages. Goyal also mentioned that India has set an export target of $1 trillion for the current year, with progress already made, reaching $317 billion in the first four months. The Commerce Secretary urged exporters to explore e-commerce opportunities and leverage FTAs to identify and exploit untapped export potential across various sectors and regions.",
  "summary": "New Delhi, September 3, 2026: Commerce and Industry Minister Piyush Goyal on Thursday said India will finalise its Bilateral Trade Agreement (BTA) with the US once Washington offers the country a preferential tariff rate compared with its competitors. The final details of the agreement will then be announced. Goyal said India's nine free trade agreements (FTAs), covering economies representing…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindustan Times",
        "title": "India-US trade deal to be finalised once 'preferential rate' is offered, says Piyush Goyal",
        "url": "https://urgent.news/2026/09/03/india-us-trade-deal-to-be-finalised-once-preferential-rate-is-offered",
        "published": "2026-09-03T11:49:43.000Z"
      }
    ]
  },
  "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."
}