New Delhi: Union Minister Piyush Goyal has reaffirmed that India will not hastily enter trade agreements or accept conditions from partner countries that limit its trading autonomy, stressing the importance of trust, long-term partnerships, and sustainable frameworks in global commerce.
Speaking at the Berlin Global Dialogue during an official visit, Goyal highlighted that trade deals go beyond tariffs or market access. “Trade deals are for the longer term. It’s not just about tariffs—it’s about trust, relationships, and creating a platform for businesses to grow,” he said.
India is currently negotiating a long-pending free trade agreement with the European Union, with unresolved issues around market access, environmental standards, and rules of origin. Negotiations are also ongoing with the United States, which has imposed a 50 percent tariff on certain Indian exports, as well as with several other trading partners.
Addressing European concerns over India’s continued purchases of Russian crude, Goyal stressed that New Delhi’s energy imports are essential for securing affordable supplies and ensuring energy security. “India will not sign any trade deal in a hurry,” he said, adding that short-term pressures should not dictate long-term economic decisions.
Earlier, Goyal had highlighted progress in trade talks with the United States. “Our teams are actively engaged. The US commerce secretary recently met with Indian counterparts. Talks are moving forward, and we hope to reach a fair and equitable agreement in the near future,” he noted.
The Union Minister’s remarks underline India’s measured approach to global trade negotiations, prioritizing strategic interests, sustainable growth, and mutually beneficial agreements over immediate gains or external pressures.
