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Goyal says India, US rushing to close trade deal ‘quickly’

01 Feb 2026 Evaluate

Commerce and Industry Minister Piyush Goyal has said that the discussions for a proposed bilateral trade agreement between India and the US are advancing, and both countries are working to close the deal ‘quickly’. Goyal stated that he is confident good news regarding this matter will be announced in the near future.

He mentioned ‘Every free trade agreement stands on its own legs. And we are having very good negotiations. My counterpart in the US and I have a very wonderful working relationship and a wonderful personal friendship. We are working towards closing the deal quickly.’ Regarding whether the India-US trade deal could be concluded by the end of this year, he said trade deals are never negotiated with a deadline and would be finalised at the right time and in the interests of both countries. 

Besides, ahead of his planned visit to Washington next week, External Affairs Minister S. Jaishankar held discussions with US Ambassador Sergio Gor, focusing on key aspects of bilateral relations, including trade, critical minerals, and defense. Jaishankar is travelling to the United States to attend the inaugural ministerial meeting on critical mineral supply chains. He is expected to have a bilateral meeting with Secretary of State Marco Rubio, amid indications that both sides are making fresh efforts to finalize the proposed trade deal.

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