Trade Minister Piyush Goyal states that India will engage in trade deals based on national interest rather than arbitrary deadlines. With a deadline set by the U.S. for bilateral deals, Goyal emphasizes that a favorable and finalized agreement is paramount. Ongoing trade negotiations face challenges including tariffs on car components, steel, and agriculture. Goyal insists that trade agreements should provide mutual benefits. India is also considering retaliatory duties against U.S. imports due to existing tariffs impacting substantial exports.
India is ready to make trade deals in the national interest, but not just to meet deadlines. National interest will always be supreme, Goyal said.
India never does any trade deal on the basis of deadline or timeframe; we will accept it only when it is completely finalised and in the national interest.
Free trade agreements are possible only when there is two-way benefit; it should be a win-win agreement, Goyal said.
Trade talks between India and the US have hit roadblocks over disagreements on import duties for car components, steel, and farm goods.
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