Commerce and Industry Minister Piyush Goyal spent the 30th CII Partnership Summit in Visakhapatnam speaking with delegations from Africa, Europe, Latin America and Asia, and with leaders of international organisations.
The summit, held on Saturday, was a chance for India to deepen trade ties and push fresh economic ideas across the globe.
Three Pillars for Global Partnerships
During his speech, Goyal highlighted a simple, three‑step plan to grow international ties.
- Lowering trade barriers – Faster movement of goods, services and capital will help two‑way investment grow.
- Technology cooperation – India wants to share and build frontier tech – from clean energy to digital health – with partners worldwide.
- Trust through clear rules – Transparent policies give businesses the confidence to commit long‑term.
These points resonate with India’s broader goal of a stable, rules‑based trading system.
Meeting with the WTO
Goyal talked to the World Trade Organization’s Director‑General about current trade talks. He reaffirmed India’s commitment to a fair WTO and pushed for:
- A permanent fix on public stock‑holding for food security.
- Re‑activating the dispute‑settlement system.
- Balanced reforms in agriculture, including a resolution of pending AMS entitlements.
Both sides agreed to stay in frequent contact ahead of the upcoming WTO General Council meeting (MC14).
Key Bilateral Discussions
| Country | Focus & Highlights |
|---|---|
| Armenia | The Armenian Minister of Economy is keen on gems and jewellery. Goyal proposed a joint working group and a trade‑visit in early 2026. Renewable energy and pharma were also on the agenda. Calls for direct flights and removal of non‑tariff barriers were mentioned. |
| Mauritius | Discussions centred on boosting trade and tech collaboration. Both sides looked at a government‑to‑government (G2G) route for buying petrol from India. Mauritius wants rice and dairy products; India offers expertise in digital infrastructure like Aadhaar. |
| Angola | Angela’s ministers focused on agriculture, food processing and gems. Brazil‑style contract farming and joint ventures in diamonds came up. |
| Mozambique | The agenda covered logistics, resilient supply chains, agriculture, skill‑development and oil & gas. G2G trade in rice was highlighted. |
| Venezuela | Both sides agreed to move beyond oil, exploring critical minerals and pharma exports from India. Venezuelan officials encouraged more Indian investment. |
Why It Matters
These meetings show India’s drive to build real, diversified trading partners across every continent. By lowering hurdles, sharing tech, and keeping policies predictable, the ministry hopes to turn India into a go‑to trade hub.
The CII Partnership Summit therefore marked a clear step forward for India’s trade ambitions – one that could boost jobs, technology and prosperity for all involved.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
