No signing of trade pacts by India based on deadlines: Minister Goyal

05 Jul '25

1 min read

No signing of trade pacts by India based on deadlines: Minister Goyal

Indian Commerce and Industry Minister Piyush Goyal. Pic: Alexandros Michailidis / Shutterstock

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Indian Commerce and Industry Minister Piyush Goyal yesterday said India does not enter into trade agreements based on deadlines, but on mutual benefits and national interest.
“A deal is accepted only when it is fully matured, well-negotiated, and in the national interest," Goyal said.
India and the United States are reportedly at the final stages of an interim trade deal.

Indian Commerce and Industry Minister Piyush Goyal yesterday said India does not enter into trade agreements based on deadlines, but on mutual benefits and national interest.

“A deal is accepted only when it is fully matured, well-negotiated, and in the national interest," Goyal told journalists on the sidelines of the 16th Toy Biz B2B expo in New Delhi.

India will agree on a decision if it is a win-win for both parties, Goyal was cited as saying by domestic media outlets.

India and the United States are reportedly at the final stages of an interim trade deal. While the former is seeking greater market access for its labour-intensive products, the latter wants duty concessions for its agricultural products.

The talks are crucial as the suspension of US reciprocal tariffs ends on July 9.

"Discussions are ongoing with various countries, be it the European Union, New Zealand, Oman, the US, Chile, or Peru. Talks about agreements are under way with many nations," he added.

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