Washington | Commerce Minister Piyush Goyal held bilateral meetings with his counterparts from Brazil and Mexico, countries facing the brunt of the trade tariff policy pursued by the US.
Goyal met Brazilian Trade Minister Marcio Fernando Elias Rosa and Foreign Minister Mauro Vieira on the sidelines of the G-20 Trade Ministers' Meeting on Wednesday at Milwaukee, Wisconsin.
Goyal also held discussions with Mexican Secretary of Economy Marcelo Ebrard on deepening cooperation to further advance trade and investment ties.
"Discussed the huge potential for deeper cooperation and unlocking new avenues to further advance India-Mexico trade & investment ties," Goyal said in a post on X, referring to his meeting with the Mexican leader.
The discussions with the Brazilian leaders focused on expanding the India-MERCOSUR preferential trade agreement, strengthening sectoral cooperation and investment ties, and enhancing coordination at the G20 and World Trade Organisation.
Both Brazil and Mexico have faced trade tariffs unleashed by the Trump administration.
The Trump Administration's July 2026 decision not to extend the US-Mexico-Canada Agreement (USMCA) in its current form and the continuation of US tariff actions on imports from Mexico have resulted in economic uncertainty for some North American businesses and policymakers.
The US announced a 25 per cent Section 301 tariff on certain Brazilian goods on July 15, followed by a separate measure on July 23 that imposed an additional 12.5 per cent tariff on certain Brazilian imports.
Goyal also met Poland's Finance Minister Andrzej Domanski and discussed creating new opportunities under the India-EU Free Trade Agreement to deepen economic cooperation.
Goyal also met US Trade Representative Jamieson Greer and held "productive discussions" towards an early conclusion of a mutually beneficial interim trade agreement between India and the US.