Goyal: India-US Bilateral Trade Talks Progressing Well

• Union Minister Piyush Goyal stated India-US trade talks are "progressing well" towards a bilateral trade agreement.
• A US trade delegation, including Deputy Ambassador Rick Switzer, is in India for ongoing discussions.
• Negotiations, which have seen several rounds, were previously hoped to conclude by year-end.
• Progress was delayed from an original 2025 target due to new US trade policies, including tariffs imposed by former President Trump.
• Trump's tariffs on Indian goods were cited due to India's Russian oil purchases and trade deficits.

Why It Matters: India-US trade talks progressing well could unlock significant economic opportunities.