Commerce Minister Piyush Goyal has dismissed reports that India rejected a quick trade deal with the US as "completely false, baseless and misleading." He said both countries remain committed to a balanced bilateral agreement, while Trade Secretary Rajesh Agarwal said negotiations are progressing well and India sees no challenges in the talks.
Commerce and Industry Minister Piyush Goyal on Monday rejected reports claiming India had refused to move ahead with a trade agreement with the United States, calling them "completely false, baseless and misleading."
In a post on X, Goyal said he had "fantastic meetings" with US Trade Representative (USTR) Jamieson Greer during the latter's visit to New Delhi in June and stressed that negotiations remain on track.
"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 remarks came in response to reports citing unnamed officials that India had rejected a quick interim trade agreement with the US and was holding out for better terms after negotiations last month failed to produce a deal.
Separately, Trade Secretary Rajesh Agarwal also sought to reassure markets, saying India was...
Commerce Minister Piyush Goyal has dismissed reports that India rejected a quick trade deal with the US as "completely false, baseless and misleading." He said both countries remain committed to a ...