Commerce Minister Piyush Goyal throughout a roundtable dialogue with CEOs of German Mittelstand (small and medium-sized enterprises) and Indian corporations in Germany, October 23, 2025. Photograph: X/@PiyushGoyal
Commerce and Business Minister Piyush Goyal stated on Thursday (October 23, 2025) that he hopes a commerce take care of the US will materialize within the “close to future”. He added that groups from each international locations have been in dialogue and negotiations are “making progress.”
Mr. Goyal is presently in Berlin after visiting Geneva to talk on the sixteenth United Nations Convention on Commerce and Growth.
“We’re in dialogue with the USA,” Goyal informed the media in Berlin. “Our crew is working diligently. We not too long ago had the Secretary of Commerce go to the USA and meet with our counterpart. We proceed to have interaction with them and negotiations are progressing. We look ahead to working towards a good and equitable settlement within the close to future.”
The highway forward
These statements come as relations between India and the US, now clearly thawing, stay tense beneath the cloud of a 50% tariff imposed by the US on imports from India.
US President Donald Trump has claimed a number of occasions not too long ago that India will scale back its oil imports from Russia, which is the primary purpose for the hike in tariffs on India. Nevertheless, India has not formally acknowledged this, and has in reality stated that it’s going to guarantee nationwide and power safety in no matter method it deems greatest.
On the identical time, numerous Indian authorities officers are on file as saying that India is eager to extend its power imports from the USA.
It stays to be seen when Prime Minister Narendra Modi will subsequent meet Trump, because the date for the subsequent Quad summit has not but been finalized and Modi has stated he’ll attend the subsequent ASEAN summit solely nearly.
european settlement
Individually, throughout his go to, Goyal held talks with numerous European officers relating to the India-European Union Free Commerce Settlement negotiations.
“Forward of my go to to Brussels beginning subsequent week, I had a productive engagement with EU Commissioner for Commerce and Financial Safety Maroš Šefčović with a deal with constructive decision of excellent points relating to the India-EUFTA,” Goyal stated. × Wednesday (October twenty second).
“The widespread dedication on each side to redefine the connection may be very encouraging,” he added.
deeper engagement
On Thursday (October 23), the minister posted that he had met with Katerina Reich, Germany’s Federal Minister for Financial Affairs and Power.
“Our discussions centered on deepening India-Germany ties in commerce and funding, joint industrial and technological partnerships in inexperienced power, new and rising applied sciences, and defence,” Goyal stated. “Germany’s efforts in direction of concluding an India-EU FTA have been additionally mentioned through the talks.”
Throughout his keep in Berlin, the Minister additionally met with Levin Holle, Financial and Monetary Coverage Adviser within the Federal Chancellery, and Germany’s G7 and G20 Sherpa.
He additionally chaired a roundtable dialogue with CEOs and leaders of German Mittelstand corporations on the Indian Embassy and conveyed their “enthusiasm to do enterprise in India and increase current investments,” the Commerce and Business Ministry stated in a launch.
The ministry added that Goyal will meet Luxembourg’s Deputy Prime Minister and Minister of International Affairs and Commerce Xavier Bettel and have one-on-one talks with CEOs of main German corporations, together with Infineon Applied sciences, Schaeffler Group, Lenk, Herrenknecht AG, Enertrag SE and Mercedes-Benz Group.
