“We Have Not Compromised National Interest”: Union Minister Piyush Goyal On India’s Trade Deals

Union Minister for Commerce and Industry, Piyush Goyal, has emphasized that India's recent free trade agreements (FTAs) have been meticulously negotiated to safeguard national interests. Speaking at a press conference, Goyal assured that every deal has been crafted with the utmost diligence to ensure that the country's economic sovereignty remains intact. He highlighted that these agreements aim to boost India's trade prospects while protecting domestic industries from any potential adverse effects. Goyal further elaborated on the strategic approach taken by the government, indicating that extensive consultations were held with various stakeholders, including industry leaders and experts, before finalizing any trade pact. This inclusive approach, he noted, has been instrumental in formulating agreements that not only open new markets for Indian products but also ensure reciprocal benefits. He reiterated that the government remains committed to enhancing India's global trade footprint without sacrificing the interests of its citizens. In response to concerns about the impact of these FTAs on local businesses, Goyal reassured that protective measures have been embedded within the agreements. These provisions, he stated, are designed to provide a buffer for domestic enterprises against any sudden market shifts. The minister concluded by expressing confidence that these trade deals will pave the way for robust economic growth, reinforcing India's position as a key player in the global economy.

— Authored by Next24 Live