Archive · 2 Sep 2026
Goyal to Visit United States for Trade Agreement Talks
India and the United States are trying to make a new trade agreement.
India’s Commerce Minister Piyush Goyal plans to visit the United States near the end of this month.
The visit will continue discussions between the two countries.
The US ambassador said the trade relationship should benefit both sides.
India and the United States are also working together on important minerals and technology.
They are part of a group called Pax Silica.
This group focuses on supplies needed for semiconductors, artificial intelligence and advanced manufacturing.
The United States is an important buyer of Indian auto parts, although Indian exporters faced high US tariffs in 2025.
Commerce Minister Piyush Goyal is expected to visit the United States at the end of this month for trade talks.
India and the United States began negotiating a Bilateral Trade Agreement in February 2025, but no deal has been concluded.
Ambassador Sergio Gor said both governments are seeking a fair, reciprocal and mutually beneficial trade relationship.
India and the United States are cooperating on critical minerals, technology and the US-led Pax Silica initiative.
The United States accounted for just over one-fourth of India’s $24 billion in auto component exports in FY26, despite steep US tariffs in 2025.
- Who
- Commerce and Industry Minister Piyush Goyal and United States Ambassador to India Sergio Gor are central to the announcement; India and the United States are conducting the talks.
- What
- Goyal will visit the United States for discussions on a proposed Bilateral Trade Agreement and broader economic cooperation.
- When
- Goyal is expected to travel at the end of this month; the announcement was made on Wednesday.
- Where
- The talks will take place in the United States, while the announcement was made at an Automotive Component Manufacturers’ Association of India event in New Delhi.
- Why
- The two countries want to deepen trade and cooperate on critical minerals, technology and resilient supply chains.
- Proposed agreement
- India and the United States launched Bilateral Trade Agreement negotiations in February 2025; the agreement remains unfinished.
- Planned visit
- Piyush Goyal is expected to travel to the United States at the end of the month.
- Bilateral trade
- Trade between India and the United States was reported at $140.76 billion in FY26.
- Pax Silica
- The US-led initiative focuses on securing silicon and critical-mineral supply chains and strengthening technology cooperation.
- Participating countries
- The grouping includes the United States, Japan, South Korea, Singapore, the Netherlands, Israel, the United Arab Emirates, the United Kingdom, Australia and India.
- Auto component exports
- The United States buys just over one-fourth of India’s $24 billion in auto component exports in FY26.
- Tariffs
- Indian auto component exporters faced steep United States tariffs in 2025.