Piyush Goyal gets a ‘trade minister for life’ tag from US trade chief at G20
US trade representative Jamieson Greer and Indian Commerce Minister Piyush Goyal met at the G20 summit to discuss trade agreements and steel overcapacity. The meeting included discussions on food security and the potential for a bilateral trade agreement.
Why it matters
Strengthening US-India trade relations is critical for global supply chain diversification and addressing industrial overcapacity issues involving China.
US trade representative Jamieson Greer called Union commerce and industry minister Piyush Goyal a “trade minister for life” as he opened the G20 trade ministers’ meeting in Milwaukee. The light-hearted remark came as the two ministers met on the first day of the two-day gathering.Greer added that the work of building a fairer trading system would continue long after the current ministers had left office, with Goyal being the exception.The US has put four issues at the centre of its G20 presidency: the “weaponisation” of food, structural excess industrial capacity, the Most-Favoured-Nation (MFN) principle and forced labour in supply chains.Goyal, meanwhile, said he had a productive discussion with Greer on bringing an interim agreement under the India-US Bilateral Trade Agreement to an early conclusion.
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