India-US trade deal: 'Don't make deals based on deadlines, national interest paramount', says Piyush Goya

Commerce Minister Piyush Goyal emphasized the importance of prioritizing national interest over deadlines in the ongoing trade discussions between India and the United States. Speaking at a recent event, Goyal highlighted that any agreement reached must be mutually beneficial, reflecting the strategic and economic interests of both countries. He underscored that rushing into a deal without thorough consideration could undermine long-term national objectives. Goyal's remarks come amid ongoing negotiations aimed at strengthening economic ties between the two democracies. The minister reiterated that India is committed to expanding its global trade footprint but will not compromise on key issues to hasten the process. He noted that previous trade engagements have set a strong foundation, and the focus remains on sectors that promise significant growth and innovation. The commerce minister also pointed out the importance of aligning trade agreements with broader economic policies. He stressed that while deadlines can serve as useful benchmarks, they should not dictate the terms of the deal. By ensuring that any trade pact aligns with India's development goals, the government seeks to foster a sustainable and equitable economic relationship with the United States, paving the way for a future-ready partnership.

— Authored by Next24 Live