India and US to Make Fresh Push for Bilateral Trade Deal as Commerce Minister Goyal Holds Talks with US Counterpart, Framework 90 Percent Complete

India and the United States will make another attempt to advance a bilateral trade deal when Indian Commerce Minister Piyush Goyal holds talks with his US counterpart Jamieson Greer, according to reporting by The Business Standard published September 29, 2026. Goyal will meet Greer as part of ongoing efforts to advance a balanced and mutually beneficial India-US Bilateral Trade Agreement and finalize an interim deal, according to TBS reporting. A senior US official said ahead of key visits that the deal is 90 percent plus there, according to Business Today reporting published September 26. Previously, Commerce and Industry Minister Piyush Goyal indicated that negotiations were nearing completion, saying at an event in New Delhi on Thursday that India had finalized nine free trade agreements including the US which is almost done and dusted, adding that India just has to find the right comparable competitive advantage over competitors.

The fresh push signals renewed momentum in trade negotiations that have stretched since February 2026, when both sides announced the framework for the first phase of the bilateral trade agreement, though changes in the US tariff landscape led to further negotiations. For UAE-based businesses with exposure to India, a US-India trade deal could reshape supply-chain routing and investment flows across the Gulf-South Asia corridor. India and the US are negotiating on tariff terms, with India seeking preferential rates that give exporters an advantage over competitors including Vietnam and Bangladesh, and wanting rates that are either better or reduced to zero, according to Bloomberg reporting from September 4, 2026.

Sources

The Business Standard Bangladesh reporting published September 29, 2026 (tbsnews.net); Business Today reporting published September 26, 2026 (businesstoday.in); Business Standard reporting published August 30, 2026 (business-standard.com); Bloomberg reporting published September 4, 2026 (bloomberg.com)