
Piyush Goyal: India, U.S. committed to boost trade to $500 billion through strong agreement in next 6-8 months
The HinduPiyush Goyal Goyal said once his U.S. counterpart takes charge, both countries will discuss the contours of the pact. India and the U.S. are committed to increasing bilateral trade to $500 billion and negotiating a "strong" trade agreement within the next 6-8 months, Commerce and Industry Minister Piyush Goyal said on Tuesday. During the recent visit of Prime Minister Narendra Modi to Washington, India and the U.S. announced to more than double the two-way commerce to $500 billion by 2030 and negotiate the first tranche of a mutually beneficial, multi-sector bilateral trade agreement by fall of 2025. ".In the next 6-8 months, by establishing a strong trade agreement, we are committed to increasing trade to $500 billion," Mr. Goyal told reporters here on the sidelines of CII's India-Qatar Business Forum meet. In 2023-24, the U.S. was the largest trading partner of India with $119.71 billion bilateral trade in goods.
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