• Source:JND
Add as a preferred

India-US Trade Deal: Commerce and Industry Minister Piyush Goyal, in a strong message to US, said on Friday India does not do trade agreements in hurry or with a "gun to our head". He said India is actively negotiating trade pacts with countries and regions, including the European Union (EU) and the US.

Notably, India and the US have been negotiating a trade deal, amid US President Donald Trump's continues warnings and tariff wars. He imposed 50 per cent tariff on India for buying Russian oil.

ALSO READ: 'India Will Return To Talks Saying Sorry, Trump Will Decide How To Handle PM Modi': US Commerce Secretary Lutnick

"We are in active dialogue with the EU. We are talking to the US, but we do not do deals in a hurry and we do not do deals with deadlines or with a gun to our head," he said at Berlin Dialogue in Germany.

The minister is in Berlin to participate in the dialogue.

India is looking at newer markets: Goyal

He added that a trade deal should be viewed with a long term perspective. India, he said, never takes decisions in a rush or in the heat of the moment.

He added that India is looking at newer markets to deal with the high tariffs. Asked if India is getting a fair trade deal that is long term with conditions attached, Goyal said, "I do not think India has ever decided who its friends will be based on any other considerations other than national interest... and somebody tells me you can't be friends with the EU, I won't accept that or somebody tell me tomorrow, I can't work with Kenya, it's not acceptable."

ALSO READ: Shashi Tharoor Responds To Speculations On Joining BJP, Here Is What He Said?

The decision to buy a particular product from a country is something that the entire world will have to take a call on, he said. These remarks assume significance as the US is putting pressure on India to stop buying crude oil from Russia. 

India-US trade deal very near: Official

India and the US are "very near" to concluding the proposed bilateral trade agreement as both the sides are converging on most of the issues, an official said on Friday. The official said that the two countries are sorting out the language of the agreement.

"We are very near as far as deal is concerned," the official said, adding that not much differences are there now for resolution.

(Note: Except for the headline, this article has not been edited by The Daily Jagran and has been published through a syndicated feed. Source - PTI)


Also In News