India is taking a deliberate and strategic approach to free trade agreements, refusing to be rushed or pressured into unfavorable deals, Commerce and Industry Minister Piyush Goyal declared in a strong statement about the country's trade negotiation stance.
Negotiating from a Position of Strength
Minister Goyal emphasized that India enters trade discussions with careful consideration and thorough preparation. "India does not do trade deals in a hurry or with a gun to our head," he stated unequivocally, highlighting the country's confidence in its economic position.
The minister's comments come amid ongoing negotiations with several major economies, including the United Kingdom and European Union, where India is ensuring its national interests remain protected.
Quality Over Speed in Trade Partnerships
Goyal stressed that India prioritizes comprehensive, balanced agreements that benefit all sectors of its economy rather than rushing to meet artificial deadlines. "We are looking at quality trade agreements which are win-win for both sides," he explained.
The approach reflects India's growing economic confidence and its position as one of the world's fastest-growing major economies, allowing it to negotiate from a position of strength rather than desperation.
Protecting National Interests
The commerce minister made it clear that India's trade policy focuses on protecting the interests of domestic industries, farmers, and consumers while seeking market access for Indian products and services abroad.
This careful balancing act ensures that trade agreements contribute to India's broader economic development goals rather than compromising domestic priorities for the sake of international partnerships.
Goyal's strong statement signals India's mature approach to international trade, where the country carefully weighs the benefits and costs of every agreement, ensuring that each deal serves India's long-term economic interests.
