Piyush Goyal to visit US for trade talks on September 22

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.

India’s rapeseed meal exports to China have surged dramatically due to competitive pricing and strong domestic mustard oil demand. This increase contrasts with a decline in soybean meal exports, impacted by cheaper South American prices and competition from DDGS.

Pascal Lamy suggests the US has effectively withdrawn from the WTO, as experts at a CUTS International roundtable emphasized the urgent need for WTO reform.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.

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 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 […]

After a 10-month pause due to pricing disagreements, Azerbaijan has resumed crude oil exports to India, signaling improved bilateral relations. In August, exports reached 1,747.07 tonnes, valued at $781,520. Energy cooperation remains a key aspect of their economic ties, with India being a major buyer and investor in Azerbaijan’s oil and gas sector.

Indian met coke manufacturers are demanding an investigation into the alleged misuse of the advance authorisation scheme by importers. They claim that imported coal, intended for producing steel for export, is instead being used for steel sold domestically.