Hope for India-U.S. trade deal in the ‘near future’, says Commerce Minister Piyush Goyal

Commerce and Industry Minister Piyush Goyal connected Thursday (October 23, 2025) said helium hoped for a trade woody with the U.S. to materialise successful the “near future”. He added that the teams of some countries were successful dialog and that talks were “progressing”.

Mr. Goyal is successful Berlin astatine the moment, pursuing a abbreviated travel to Geneva to talk astatine the 16th league of the United Nations Conference connected Trade and Development.

“We are successful dialog with the United States of America,” Mr. Goyal told the media successful Berlin. “Our teams are engaged. We precocious had the Commerce Secretary sojourn the U.S. and helium met with his counterparts. We proceed to prosecute with them and talks are progressing. We anticipation to enactment towards a just and equitable statement successful the adjacent future.”

Path ahead

These statements travel astatine a clip erstwhile relations betwixt India and the U.S., though presently overtly thawing, stay tense nether the unreality of the 50% tariffs the U.S. has imposed connected imports from India. 

U.S. President Donald Trump has precocious asserted respective times that India volition chopped its lipid imports from Russia — the main crushed down the inflated tariffs connected India. However, India has not officially confirmed this and has, successful fact, said that it would unafraid its nationalist and vigor information nevertheless it saw best. 

At the aforesaid time, assorted Indian authorities officials person gone connected the grounds to accidental India is keen to summation its vigor imports from the U.S. 

Also read: No woody with U.S. ever final, India should unafraid its ain interests: commercialized analyst

It remains to beryllium seen erstwhile Prime Minister Narendra Modi volition conscionable Mr. Trump adjacent arsenic the dates of the adjacent Quad Summit person not yet been finalised, and Mr. Modi has said helium volition be the upcoming ASEAN acme lone virtually. 

European deal

Separately, Mr. Goyal during his travel besides held talks with assorted officials successful Europe regarding the India-European Union escaped commercialized statement negotiations.

“Had a productive engagement focused connected the affirmative solution of the outstanding issues with respect to the India-EU FTA with Mr. Maroš Šefčovič, EU Commissioner for Trade and Economic Security, up of my Brussels sojourn starting adjacent week,” Mr. Goyal said connected X connected Wednesday (October 22). 

“The shared committedness connected some sides towards redefining the narration is profoundly encouraging,” helium added.

Deeper engagement

On Thursday (October 23), the Minister posted that helium had met Katherina Reiche, the German Federal Minister for Economic Affairs and Energy.

“Our discussions focused connected deepening Indo-German ties successful commercialized and investment, associated concern and technological partnerships successful greenish energy, caller and emerging technologies, arsenic good arsenic defence,” Mr. Goyal said. “Talks besides covered Germany’s committedness to finalising the India-EU FTA.”

During his clip successful Berlin, the Minister besides met Levin Holle, Economic and Financial Policy Advisor astatine the Federal Chancellery and Germany’s G7 & G20 Sherpa. 

He besides chaired a roundtable with CEOs and leaders of German Mittelstand companies astatine the Indian Embassy, who conveyed their “keenness to bash concern successful India and grow existing investments”, the Ministry of Commerce and Industry said successful a release.

The Ministry added that Mr. Goyal is scheduled to conscionable Xavier Bettel, Deputy Prime Minister and Minister of Foreign Affairs and Trade of Luxembourg and clasp one-on-one discussions with CEOs of starring German companies, including Infineon Technologies, Schaeffler Group, Renk, HerrenknechtAG, Enertrag SE, and the Mercedes Benz Group.