Commerce and Industry Minister Piyush Goyal will lead a delegation to the US on September 22, 2025, for trade talks aimed at finalizing a mutually beneficial agreement. Discussions follow positive meetings held earlier in September, with both sides keen to intensify efforts.
Piyush Goyal to visit US for trade talks on September 22
Pascal Lamy suggests the US has effectively withdrawn from the WTO, as experts at a CUTS International roundtable emphasized the urgent need for WTO reform. Participants warned that inaction could lead to a significant drop in exports and called for inclusive reforms that benefit SMEs, women, and developing nations.
Non-performing assets (NPAs) in the Micro, Small and Medium Enterprises (MSME) sector may see a marginal uptick, particularly in select export-oriented industries, amid global trade headwinds and portfolio seasoning, according to Crisil Ratings.
Container freight rates are projected to remain low due to global trade uncertainties caused by US tariffs. Exporters accelerated shipments to the US before tariff deadlines, leading to an 18% increase in exports during April-August 2025. Oversupply of capacity and weakening global demand are expected to further depress sea freight rates, impacting smaller exporters significantly.
The government has granted infrastructure status to large ships, defined as commercial vessels meeting specific tonnage and ownership criteria, aiming to facilitate easier and cheaper financing for shipbuilding in India. This move, aligned with the Maritime India Vision 2030, anticipates significant investment in the shipping sector and supports the development of shipbuilding clusters.
Mercantile Ports & Logistics Ltd. has initiated legal action against a group of unidentified banks in India, alleging they failed to act fairly during refinancing negotiations. The company claims a third party is attempting to acquire its outstanding debt from the banks, potentially disrupting the refinancing process.
The US has linked India’s Russian oil imports to ongoing trade deal negotiations, a move considered unusual. During recent talks, the US team, led by Assistant Trade Representative Brendan Lynch, raised concerns, while India sought the removal of additional tariffs on its Russian energy purchases.
Amid improving trade relations, Commerce Minister Piyush Goyal is expected to visit the US soon following discussions between Indian and American trade negotiators in New Delhi. Both sides aim for an early, mutually beneficial bilateral trade agreement, despite recent tariff impositions by the US on India over Russian oil purchases.
India and New Zealand concluded several chapters of their proposed free trade agreement (FTA) after constructive discussions in the third round of talks. Both countries reaffirmed their commitment to bolster economic ties and aim for an early conclusion of a balanced and mutually beneficial agreement.
India seeks big investments from UAE: Piyush Goyal
9 months ago
India is actively seeking increased foreign investments from the UAE, targeting sectors like infrastructure, technology, and green energy. Both nations are committed to strengthening their strategic partnership, aiming to double non-oil trade to $100 billion. Initiatives like Bharat Mart are underway to support Indian businesses in expanding globally, alongside potential free trade agreements with GCC […]