Goyal said he had held "fantastic meetings" with United States Trade Representative (USTR) Jamieson Greer during Greer's visit to New Delhi in June and reaffirmed that negotiations between the two countries remain active.
"This news is completely false, baseless and misleading. I had fantastic meetings with USTR Jamieson Greer when he visited Delhi in June. Both sides reaffirmed their commitment to an agreement that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries. Our teams remain fully engaged in achieving this objective," Goyal wrote.
His statement came after reports citing unnamed officials claimed that India had rejected a quick interim trade agreement with the United States and was seeking better terms after negotiations in the previous month failed to reach a conclusion.
Separately, Trade Secretary Rajesh Agarwal also assured markets that India was making good progress on the proposed bilateral trade agreement with the United States and that there were no major challenges in the ongoing negotiations.
This news is completely false, baseless and misleading.
— Piyush Goyal (@PiyushGoyal) July 13, 2026
I had fantastic meetings with USTR Jamieson Greer, @USTradeRep, when he visited Delhi in June. Both sides reaffirmed their commitment to an agreement that is balanced, commercially meaningful, and delivers tangible… https://t.co/0JZOULEL6i
Earlier reports had suggested that India was unwilling to finalize an agreement without assurances on key demands, including preferential tariff treatment compared with competitors such as China and protection against possible future tariff increases by the United States.
The reports also stated that New Delhi was not prepared to compromise on sensitive sectors, including agriculture. They further claimed that both sides could not conclude an interim agreement during Greer's June visit to New Delhi despite several rounds of discussions.
India and the United States have been negotiating a bilateral trade agreement for several months with the objective of expanding trade and investment relations between the two countries. The negotiations are taking place amid expectations of possible new United States tariffs later this month.
Although differences continue over issues such as tariffs and market access, statements from Goyal and Agarwal indicate that both governments remain engaged in efforts to achieve a balanced and commercially meaningful agreement that benefits businesses, farmers, workers, and consumers in both countries.
About The Author
Comment List