Source TOI
India will not move forward with any trade agreement with the United States unless it ensures a clear comparative tariff advantage framework, Commerce and Industry Minister Piyush Goyal has asserted. His remarks underline New Delhi’s firm stance on protecting domestic industries while pursuing balanced and mutually beneficial trade relations.
Speaking at a recent industry interaction, Goyal emphasized that India seeks a level playing field in global trade and will not accept agreements that disadvantage Indian exporters. He highlighted that tariff structures must be aligned in a way that provides Indian goods a competitive edge in international markets, particularly in sectors where the country has strong manufacturing or export potential.
The minister pointed out that ongoing discussions with the United States are focused on resolving long-standing tariff and market access issues. However, he made it clear that India’s participation in any deal will depend on whether it meets national economic interests and supports local businesses.
Goyal also noted that India has been actively engaging with multiple countries to expand its trade footprint through carefully negotiated agreements. He reiterated that while India remains open to strengthening ties with the US, it will not compromise on key concerns such as fair tariffs, non-tariff barriers, and equitable treatment of Indian products.
The statement comes amid renewed efforts by both nations to deepen economic cooperation, with trade negotiations gaining momentum in recent months. Analysts believe India’s insistence on a comparative tariff advantage reflects a broader strategy to safeguard its industries while leveraging global opportunities.
As talks continue, the outcome will likely depend on how both sides reconcile their differences on tariffs and market access, setting the tone for future bilateral trade relations.
