The Latest Breaking News from Commerce and Industry

We will see India becoming major exporter of goods and services to China: Piyush Goyal

Commerce and Industry Minister Piyush Goyal emphasised India's willingness to engage with Chinese suppliers. He highlighted the importance of fair play and judicial processes regarding pricing discrepancies. India aims to enhance exports to China and the ASEAN region over the coming years. Recent trade data shows a significant increase in…

The Economic Times · 2h ago

Piyush Goyal says India-Chile FTA talks ' quite ripe' for conclusion, Canada negotiations making progress

India is making progress on free trade agreements (FTAs) with several countries, with negotiations with Chile nearing conclusion and talks with Canada advancing, Commerce and Industry Minister Piyush Goyal has said. Discussions with the Southern African Customs Union have recently begun, while efforts to expand trade arrangements with Mercosur continue.…

The Economic Times · 9h ago

German businesses now see India as manufacturing, R&D and innovation hub: Piyush Goyal

German companies are increasingly viewing India as a strategic manufacturing and innovation hub for the future. During a recent visit, Commerce and Industry Minister Piyush Goyal engaged with major firms about expanding cooperation. The India-EU free trade agreement is set to strengthen trade ties significantly later this year. Indian capabilities…

The Economic Times · Oct 24

Piyush Goyal calls for WTO-compliant approach to correcting global trade distortions at G20 Trade Ministers' Meet

Union Minister of Commerce and Industry Piyush Goyal called for a World Trade Organization-compliant approach to tackle trade distortions and excess capacity during the concluding day of the G20 Trade Ministers' Meeting in Milwaukee, Wisconsin.

The Economic Times · Oct 3

US, India should intensify efforts to conclude "historic" trade deal, lower tariffs: USIBC President Atul Keshap

The US-India Business Council has urged both governments to finalize a trade agreement that reduces tariffs. Ambassador Atul Keshap emphasized that such an agreement would facilitate reciprocal trade and benefit businesses in both nations. Commerce and Industry Minister Piyush Goyal stated the trade pact is nearly finalized pending competitive advantages…

The Economic Times · Sep 25

India-US trade pact 'done and dusted'; execution after India gets competitive advantage: Piyush Goyal

Commerce and Industry Minister Piyush Goyal announced that the US-India bilateral trade agreement is on the verge of completion, showcasing significant progress. He also emphasized positive developments in the India-EU trade negotiations, particularly regarding climate regulations, and mentioned advancements in talks with Canada, Mexico, and the Gulf Cooperation Council.

The Economic Times · Sep 24

Piyush Goyal promises BIS certification relief for high-tech sector firms

Goyal said he had taken note of concerns raised by Japanese companies over BIS certification requirements and that the government had already instructed the BIS and the Commerce and Industry Ministry to work on a framework to address the issue.

The Economic Times · Aug 25

India-Singapore economic ties get fresh push with focus on trade, investment, technology: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday held a series of high-level bilateral and business engagements in Singapore, seeking to deepen India-Singapore cooperation in trade, investment, technology and business while opening up new avenues for mutually beneficial economic growth.

The Economic Times · Aug 21

India, US trade deal can't be implemented until we have 'competitive advantage': Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said India cannot implement the proposed trade agreement with the United States until it secures a competitive advantage over competing nations, indicating that tariff-related issues remain the final hurdle in the negotiations.

The Economic Times · Jun 20

India protecting industry from unfair trade practices of certain countries: Piyush Goyal

India is committed to dialogue and cooperation to address global trade challenges. Commerce and Industry Minister Piyush Goyal stated that countries, including India, protect their domestic industries. India is working to safeguard its economy from unfair trade practices. The nation is also focused on promoting innovation and research, with ongoing…

The Economic Times · Jun 11