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The first tranche of the India-U.S. bilateral trade agreement has been finalised and is now undergoing legal drafting.
Piyush Goyal said the pact will be operationalised after India secures a competitive advantage over peer nations.
Commerce Secretary Rajesh Agrawal said negotiations are progressing in the right direction and toward an early conclusion.
The Ministry of Commerce and Industry said bilateral merchandise trade has grown, with India’s exports to the U.S. rising 11.1 per cent to USD 50.81 billion in April-September 2026.
Why it mattersThe draft’s release could move the India-US trade pact toward implementation, affecting tariffs, market access, and bilateral commerce.
More context
Imports from the U.S. rose 26 per cent to USD 32.33 billion in the same period.
Goyal also said a free trade agreement with the European Union will be signed in December.
Separate comments noted that talks had earlier reached a plateau, while India and the U.S. continue to engage to resolve differences.