India Stands Firm: No Rushed Trade Deals, No External Pressures

Commerce Minister Piyush Goyal emphasized India’s strategic approach to trade agreements, rejecting rushed deals or external pressures. Highlighting ongoing negotiations with major powers like the EU and US, he affirmed India’s commitment to long-term perspectives, fair conditions, and national interests amidst high tariffs and geopolitical tensions.

Commerce and Industry Minister Piyush Goyal asserted India's refusal to rush into trade agreements or succumb to external pressures at the Berlin Global Dialogue. His remarks underscore India's ongoing negotiations with influential economies, including the European Union (EU) and the United States, aiming for equitable terms devoid of hasty decisions.

Goyal emphasized the importance of viewing trade deals with a long-term lens, balancing trust, relationship, and national interests. Amidst US-imposed tariffs and pressure to cease Russian oil imports, he defended India's sovereignty in making independent trade choices alongside exploring new markets to mitigate high tariffs.

The minister further highlighted ongoing trade talks with the US, aiming to finalize a Bilateral Trade Agreement by 2025, potentially doubling bilateral trade to USD 500 billion by 2030. Despite current challenges, India remains committed to building sustainable economic partnerships beyond immediate tariff barriers and geopolitical constraints.

(With inputs from agencies.)