India-US trade deal negotiations are nearing completion, according to Commerce and Industry Minister Piyush Goyal. He said the agreement is almost “done and dusted” and could be executed once India secures a suitable competitive advantage for its exporters in the US market.

Speaking at an event organised by the Public Affairs Forum of India, Goyal said India has finalised nine free trade agreements, including the proposed pact with the US.

The minister is scheduled to visit the US for the G20 Trade Ministerial in Wisconsin from September 30 to October 1. He is also expected to meet US Trade Representative Jamieson Greer. Progress on the India-US trade pact is likely to be discussed during the meeting.

Focus on Export Competitiveness

Goyal said India needs comparable market advantages to compete effectively with other countries exporting to the US. Securing these conditions would help both sides move quickly towards implementing the agreement.

He also highlighted India’s wider trade strategy. According to Goyal, the country is expanding its network of free trade agreements to create more opportunities for Indian businesses and exporters.

Commerce Secretary Rajesh Agrawal said these agreements can help Indian exporters reduce supply-chain risks. Access to multiple markets can allow companies to diversify exports while benefiting from more predictable tariffs and trade processes.

India Expands Global Trade Network

Agrawal said India’s growing FTA network can support exports by connecting businesses with several markets through similar supply chains. He also stressed the importance of predictable tariffs and procedures for companies planning international investments.

Goyal also discussed India’s trade relations with the European Union, China and other markets. He said India is seeking to protect domestic sectors while improving market access for exporters.

The government is also working to make state-level export data more detailed and useful for businesses. Better trade data could help states and industries identify export opportunities and strengthen their participation in global trade.