India, U.S. trade pact to be operationalised once India gets competitive advantage: Goyal
Union Minister Piyush Goyal stated that the India-U.S. trade pact will be operationalized once India secures a competitive advantage. Additionally, he noted that a free trade agreement with the European Union is expected to be signed in December.
Why it matters
These trade agreements are critical for India's economic growth and its strategic positioning in global supply chains.
India, U.S. trade pact to be operationalised once India gets competitive advantage: Goyal left Union Minister for Commerce and Industry Piyush Goyal addresses the gathering during a reception for the Team Canada trade mission to India, in Mumbai, Wednesday, Oct. 14, 2026. PTI PTI https://th-i.thgim.com/public/incoming/yzeve/article71587484.ece/alternates/FREE_1200/PTI10_14_2026_000576B.jpg SHASHANK PARADE Mumbai: Union Minister for Commerce and Industry Piyush Goyal addresses the gathering during a reception for the Team Canada trade mission to India, in Mumbai, Wednesday, Oct. 14, 2026. (PTI Photo/Shashank Parade)(PTI10_14_2026_000576B) Piyush Goyal said that the free trade agreement between India and the European Union will be inked in December and will come into force from February or March next year. New Delhi Commerce and Industry Minister Piyush Goyal on Thursday (October 15, 2026) said the first phase of the India-U.S. trade pact has been finalised and is undergoing legal drafting. India, U.S.
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