{"id":38874,"date":"2025-07-26T14:11:08","date_gmt":"2025-07-26T14:11:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/38874\/"},"modified":"2025-07-26T14:11:08","modified_gmt":"2025-07-26T14:11:08","slug":"india-us-trade-deal-piyush-goyal-shares-important-update-says-negotiations-making-fast-progress","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/38874\/","title":{"rendered":"India-US trade deal: Piyush Goyal shares important update; says negotiations \u2018making fast progress\u2019"},"content":{"rendered":"<p> <img src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/07\/122923333.jpg\" alt=\"India-US trade deal: Piyush Goyal shares important update; says negotiations \u2018making fast progress\u2019\" title=\"File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI)\" decoding=\"async\" fetchpriority=\"high\"\/>File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI) Commerce and industry minister <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/piyush-goyal\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Piyush Goyal<\/a> on Saturday said that discussions with the United States on the proposed bilateral trade agreement are progressing swiftly.Addressing the media, Goyal said that negotiations with Washington are \u201cmaking fast progress\u201d, as per news agency PTI.<\/p>\n<p>India-U.S. Trade Deal: What&#8217;s India&#8217;s Smart Backup Plan If The Deal Falls Through? | Explained<\/p>\n<p>A team from the US is scheduled to visit India in August for the next round of negotiations.The fifth round of talks between the two countries concluded last week in Washington. Both sides are now working towards finalising the first tranche of the agreement by fall, around September or October. The goal is to significantly boost bilateral trade, which currently stands at $191 billion, with an aim to raise it to $500 billion.Goyal also mentioned that negotiations for a free trade agreement with Oman are \u201calmost finalised.\u201dThe trade discussions with the US are expected to focus on ironing out remaining differences, particularly around sectors such as agriculture and dairy, where India has traditionally maintained a cautious stance.Earlier, Goyal had said that \u201cfantastic progress\u201d was being made and stressed the importance of a \u201cconsequential partnership\u201d with the US. He also indicated that India is seeking \u201cpreferential market access\u201d in the US compared to its global competitors, aiming to leverage its early engagement in the negotiations.The minister had underscored that successful trade negotiations require flexibility and a balanced approach. \u201cOne has to have a broad mind and a package which is balanced and can give equity to both sides,\u201d he had said, while cautioning against rigid timelines.<\/p>\n","protected":false},"excerpt":{"rendered":"File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI) Commerce and industry minister Piyush Goyal on&hellip;\n","protected":false},"author":2,"featured_media":38875,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[31704,9087,28,101,31701,31700,9085,20533,31705,31703,21,31702],"class_list":["post-38874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-agriculture-and-dairy-trade","tag-bilateral-trade-agreement","tag-business","tag-economy","tag-free-trade-agreement-oman","tag-india-us-relations","tag-india-us-trade-deal","tag-piyush-goyal","tag-trade-agreement-progress","tag-trade-discussions","tag-united-states","tag-us-trade-negotiations"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/38874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=38874"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/38874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/38875"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=38874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=38874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=38874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}