Overview: On 1 October 2026, Commerce Minister Piyush Goyal met U.S. Trade Representative Jamieson Greer on the sidelines of the G20 Trade Ministers’ Meeting in Milwaukee. The discussion centred on an early conclusion of an interim agreement under the India-U.S. Bilateral Trade Agreement. Simultaneously, Goyal reviewed progress on the India‑EU FTA with the European Commissioner for Trade.
Key Developments
- Goyal and Greer agreed to work towards an early interim agreement that is mutually beneficial.
- Both sides exchanged views on the broader G20 agenda under the U.S. chairmanship.
- India’s Commerce Secretary Rajesh Agrawal signalled that all trade issues, including the pending India‑U.S. deal and the India‑EU FTA, would be on the agenda.
- The United States has enacted the Lindsey O. Graham Sanctioning Russia and Iran Act, 2026, which could impose 100% tariffs on India.
- China secured an exemption from additional tariffs on Russian oil until January 2027.
- Goyal met European Commissioner Maroš Šefčovič to review th