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Union Commerce and Industry Minister Piyush Goyal Friday reiterated that India will only sign trade agreements that ensure mutual benefit and uphold national interest.
“Negotiations are underway, FTA (free trade agreement) is possible only it’s beneficial for both sides…it should be a win-win agreement,” Goyal said speaking to reporters. He underscored that trade deals must align with India’s long-term priorities, saying that “national interests will always be supreme.”
On being asked about the trade deal with the United States, the minister further clarified India’s position: “India discusses on its own terms, discussions are ongoing with various countries. Whether it is the European Union, New Zealand, Oman, the United States, Chile, or Peru, negotiations for agreements are underway with many countries.”
#WATCH | Delhi | “…India discusses on its own terms and we never make a trade deal based on a timeline; when the deal is good, fully matured, and in the national interest, then we accept it, ” says Union Commerce Minister Piyush Goyal on being asked about the trade deal with… pic.twitter.com/1Eq8iyDRDe
— ANI (@ANI) July 4, 2025
“When the deal is made while safeguarding India’s interests, keeping in mind that national interest will always remain paramount, then India is always ready to make deals with developed countries.”
When questioned over July 9 deadline of the 26 per cent tariff by US, Goyal said: “India never makes a trade deal based on a timeline; when the deal is good, fully matured, and in the national interest, then we accept it.”
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