Piyush Goyal engages WTO Chief to enhance India’s global trade footprint

Union Minister of Commerce and Industry Piyush Goyal on Tuesday had a productive meeting with Ngozi OkonjoIweala DirectorGeneral of the World Trade Organisation WTO on the sidelines of the 16th United Nations Conference on Trade and Development UNCTAD16In a post on X Goyal emphasised Indias firm commitment to a rulesbased multilateral trading system underscoring the countrys willingness to collaborate with the WTO to expand global tradeIt was a pleasure to meet Ms NOIweala DirectorGeneral of WTO on the sidelines of UNCTAD16 Emphasised Indias firm commitment to a rulesbased multilateral trading system amp willingness to work with WTO to expand global trade posted GoyalIt was a pleasure to meet Ms NOIweala DirectorGeneral of WTO on the sidelines of UNCTAD16 Emphasised Indiarsquos firm commitment to a rulesbased multilateral trading system amp willingness to work with WTO to expand global trade pictwittercom9zlRV9FY25mdash Piyush Goyal PiyushGoyal October 22 2025The meeting focused on strengthening international trade cooperation with both leaders discussing ways to address trade challenges and promote economic growthThe meeting is also taking place at a time when India is holding discussions to finalise the Free Trade Agreement FTA with the European Union and negotiating the Bilateral Trade Agreement BTA with the United StatesEarlier Minister Goyal also held meetings with top European Union officials to discuss pending issues related to the IndiaEU Free Trade Agreement FTA ahead of his visit to Brussels next weekGoyal stated that he had a productive engagement focused on the positive resolution of the outstanding issues with Maros Sefcovic the EU Commissioner for Trade and Economic Security The shared commitment on both sides towards redefining the relationship is deeply encouraging he wroteThe EU Trade Commissioner had also expressed optimism after the meeting saying both sides are determined to keep making progress and elevate the EUIndia trade and investment relationship to a new levelGoyal also held productive meetings with Teresa Ribera Executive VicePresident for Clean Just and Competitive Transition at the European Commission The discussions focused on advancing cooperation in areas related to sustainable growth and green transitionsAccording to Commerce Secretary Rajesh Agrawal trade negotiations between India and the European Union are now in their final stages and are expected to be concluded by December this year Trade talks are progressing very well Chances are it may be concluded by December We are at the last leg of negotiations he said earlier this monthAgrawal said officials from the Indian team have stayed back in Brussels to continue negotiations on Rules of Origin a crucial component that defines how much local content must be used in a product to qualify for tariff benefits under the FTAMeanwhile with Washington New Delhi is engaged in trade negotiations aimed at reaching a mutually beneficial outcome according to government sourcesThe engagement between two sides is going on Ambassadordesignate Sergio Gor was in India He met all stakeholders and had good meetings Negotiating team from India is in the US They are trying to see if we can have a winwin solution between the two sides a government source saidEarlier sources told ANI that the upcoming talks are expected to focus on key market access issues regulatory cooperation and expanding trade in energy and technology sectorsThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever