Union Commerce and Industry Minister Piyush Goyal is likely to hold bilateral talks with US Trade Representative Jamieson Greer during the G20 Trade Ministerial in Milwaukee, Wisconsin, scheduled for September 30 and October 1. The talks come as India and the US continue discussions on their bilateral trade agreement.

The proposed meeting comes amid concerns over potential US tariff action linked to India’s purchases of Russian energy. The US has authorised the possibility of tariffs of up to 100 per cent, although the final decision, rate and coverage remain to be determined.

Another issue is the Section 301 investigation into alleged excess capacity. The US trade representative’s office has also identified forced labour, excess production and other trade issues as topics for discussion at the G20 ministerial.

Indian exporters are seeking greater clarity on the trade environment. Federation of Indian Export Organisations Director General Ajay Sahai said India is expected to present its concerns over the Russia-linked tariff issue and the Section 301 investigation.

India and the US are also continuing negotiations on a bilateral trade deal. According to Business Standard, New Delhi is seeking a mechanism that would provide Indian goods with a competitive tariff position compared with other economies.

The upcoming G20 meeting is expected to provide an opportunity for both sides to discuss trade concerns, market access and the ongoing negotiations.