Rajkot - Negotiations on a trade agreement between India and the European Union are in the final stage, while talks are ongoing with the United States for a bilateral trade deal, Commerce and Industry Minister Piyush Goyal said on Monday.

Goyal made the remarks while delivering the keynote address at the Regional MSME Conclave in Rajkot, Gujarat.

The comments come days after India and the EU reported “good progress” in their trade negotiations following Goyal’s meetings with EU Trade and Economic Security Commissioner Maros Sefcovic in Brussels earlier this month. Both sides said outstanding issues had narrowed and reaffirmed their intent to conclude a fair and balanced agreement at the earliest.

During the Brussels engagement, Goyal and Sefcovic directed their negotiating teams to expedite discussions and resolve pending matters. The negotiations, which have seen multiple rounds over the past few years, are aimed at concluding the agreement ahead of the next India-EU Summit scheduled later this month in New Delhi.

The European Union is India’s largest trading partner in goods, with bilateral trade valued at over $136 billion in 2024–25.