What happened?
India’s Commerce Minister Piyush Goyal is in the US to advance discussions on the Bilateral Trade Agreement and address concerns over potential tariffs. Talks with US officials will focus on market access and trade facilitation, with India seeking to counterbalance proposed reciprocal tariffs by the US.
Why it matters to India:
With the US looking to diversify away from Chinese imports, India has a key opportunity to expand its exports. However, potential US tariffs on Indian goods could affect key sectors, including automobiles and agriculture. Goyal’s visit is crucial for mitigating trade risks and ensuring favourable terms for India’s exports.
