Commerce Minister Piyush Goyal says India will reassess the proposed interim trade agreement with the United States in light of changing tariff conditions and seek terms that keep Indian exports competitive.
New Delhi | October 11, 2026
India will reassess the proposed interim trade agreement with the United States in light of changing tariff conditions, Commerce and Industry Minister Piyush Goyal said, according to News On AIR on October 10. He said India is seeking terms that keep Indian goods competitive in the US market.
What is being reassessed?
The two countries had announced a framework in February. The minister’s comments indicate that the proposed arrangement is being reviewed against changing circumstances; they do not mean a revised agreement has already been finalised.
Why businesses are watching
Tariffs and trade rules can affect export prices, order volumes and investment decisions across sectors. Businesses should wait for official details before assuming that particular products will receive lower duties or that a deadline has been agreed.
Other trade discussions
News On AIR also reported that India is pursuing trade discussions with several other partners, including Israel, Chile, the Gulf Cooperation Council and the Eurasian Economic Union, while talks with Canada are progressing.
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