New Delhi, October 15 (H.S.): Union Commerce and Industry Minister Piyush Goyal said on Thursday that the first phase of the India-US trade agreement had been finalised. However, its implementation would depend on whether Indian businesses secured the expected competitive advantages in the American market.

Piyush Goyal made these remarks while addressing the inaugural session of the SRCC Centenary Conference, held in New Delhi on the theme “The Road to Viksit Bharat”. The Commerce Minister said India and the United States were working towards concluding their bilateral trade agreement and that the legal text was being drafted. He expressed hope that the agreement would be finalised soon and implemented once Indian businesses were assured a competitive edge over their counterparts in competing countries.

Piyush Goyal Urges Young Indians to Lead in Artificial Intelligence

Union Commerce and Industry Minister Piyush Goyal called on India’s youth to embrace emerging technologies, continuously upgrade their skills and contribute to the country’s journey towards becoming a developed nation by 2047.

Piyush Goyal said investment in manufacturing, the adoption of new technologies and skill development would create opportunities for young Indians while strengthening India’s position in the global economy. He also urged the younger generation to take a leading role in artificial intelligence, emphasising the importance of technological advancement in shaping the country’s future.

India-EU Free Trade Agreement Expected to Be Signed in December

Piyush Goyal further stated that India and the European Union were expected to sign a free trade agreement (FTA) in December. The agreement is likely to come into force in February or March 2027.

The proposed trade pact is expected to deepen economic engagement between India and the European Union. Piyush Goyal’s remarks underscored the government’s efforts to expand international trade partnerships, improve market access for Indian businesses and strengthen the country’s competitiveness in the global marketplace.

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Hindusthan Samachar / Jun Sarkar