Union Minister of Commerce and Industry, Piyush Goyal, on Friday met with Bernard Mensah, President of International for Bank of America, to discuss ways to strengthen financial cooperation between India and the United States. In a post on X, Goyal highlighted that the discussions focused on expanding investment opportunities, leveraging ongoing economic reforms, and fostering a business-friendly environment to enhance investor confidence in India.

Earlier, speaking at the Berlin Global Dialogue, Goyal emphasized that India approaches trade agreements carefully, viewing them as a strategic tool to build trust and long-term partnerships rather than as deals to be rushed. He stated that India will not sign any trade deal hastily and underscored that ongoing talks with the US are aimed at ensuring fairness and equity. “India never thinks decisions in a rush or under pressure,” he said, acknowledging the existing tariffs imposed by the US while stressing that India is exploring new markets and seeking to strengthen domestic demand as part of its broader trade and economic strategy.

Regarding the bilateral trade agreement (BTA) between India and the US, the Minister noted that discussions are ongoing, but India remains committed to a careful, deliberative approach. “We are talking to the US, but we don’t do deals in a hurry,” he remarked, adding that trade negotiations are not conducted under deadlines or external pressure. In an interaction with DD, Goyal further explained that teams from both countries are actively engaged, with India’s Commerce Secretary coordinating with US counterparts to advance the talks toward a mutually beneficial outcome.

Goyal also highlighted the broader intent behind trade deals, emphasizing that they go beyond tariffs and market access. According to him, trade agreements are meant to build trust, foster strong bilateral relationships, and provide businesses with secure opportunities to grow. He stressed that such agreements demonstrate a commitment to protecting businesses, ensuring fair practices, and promoting sustainable economic collaboration between the two countries. The discussions with Bank of America and the ongoing trade talks reflect India’s strategic approach to international trade and investment, combining careful negotiation with efforts to strengthen the domestic economy and attract long-term foreign investment.