Commerce and Industry Minister Piyush Goyal is scheduled to visit the United States in late September to participate in the G-20 Trade Ministers’ meeting in Milwaukee and to hold bilateral discussions with USTR Jamieson Greer, during which trade agreement issues will be on the agenda, an official said.
The official stated that the two countries remain in frequent contact regarding the trade agreement.The two-day ministerial will begin on September 30. The United States holds the 2026 G20 presidency.
Goyal is expected to hold bilateral meetings with his counterparts on the margins of the ministerial conference to explore measures for enhancing mutual trade and investment.
In a statement made in May, US Trade Representative (USTR) Greer said that at the G20 Trade Ministerial this fall, the USTR will spearhead talks with ministers on a broad range of topics, including eliminating forced labour, revising the Most-Favoured Nation (MFN) principle, condemning the use of trade in food as a weapon, and tackling structural excess capacity and production.
US President Donald Trump is set to host the concluding Leaders' Summit on December 14–15 at Trump National Doral in Miami, Florida. The G20, or Group of Twenty, is an international platform that convenes the world’s leading advanced and emerging economies to deliberate on and coordinate economic policies.
Its members account for roughly 85 per cent of global GDP and about two-thirds of the world’s population. The group’s participants include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, and Russia.
Goyal's trip to the United States is significant because the two nations are in the process of negotiating a bilateral trade agreement (BTA).
In February, the two parties declared that they had completed the framework for the pact’s initial phase, but subsequent shifts in the US tariff regime have prompted additional negotiations between the countries over the agreement.
Goyal recently said that the initial phase of the bilateral trade agreement between India and the United States will be implemented once the US can guarantee that India gains a comparative advantage over its rivals. Meanwhile, starting July 24, the US has levied an additional 10 per cent tariff on several countries, including India.
Nations such as Sri Lanka, Bangladesh, Thailand, Cambodia, Vietnam, Indonesia, and Malaysia are key rivals to India in the US market. A tariff advantage over these countries would enhance the price competitiveness of Indian products in the American market. In 2025–26, India’s exports to the US were valued at around USD 87 billion.