India Doesn’t Do Trade Deals With “Gun To Our Head”: Piyush Goyal
In a bold declaration, Union Commerce Minister Piyush Goyal stated India will not accept lopsided trade agreements or negotiate under pressure, emphasizing “We don’t do deals with a gun to our head.” The remarks highlight India’s commitment to fair, sovereign trade policies amid ongoing FTA talks with the UK, EU, and others.
Why India’s Tough Trade Stance Matters
Goyal’s comments reflect India’s strategic shift in global trade:
– No compromise on sovereignty: Refusal to bend on key issues like tariffs, market access, and labor mobility.
– Protection for local industries: Prioritizing farmers, MSMEs, and manufacturers in trade terms.
– Atmanirbhar Bharat alignment: Balancing globalization with self-reliance.
Key Sticking Points in Current FTAs
- India-UK FTA: Deadlocked over Scotch whisky tariffs, auto sector access, and visa ease for Indian professionals.
- India-EU FTA: Disputes over intellectual property (e.g., generic medicines) and sustainable trade clauses.
“We negotiate as equals. The era of one-sided deals is over.”
— Piyush Goyal
Domestic & Global Reactions
- Industry Support: CII and FICCI back India’s firm stance, citing risks to local jobs.
- Critics’ Concerns: Some argue excessive caution may delay supply chain integration.
- Success Stories: The India-UAE CEPA (2022) boosted trade by 15%, proving mutually beneficial deals work.
What’s Next for India’s Trade Policy?
With UK/EU talks resuming soon, India’s red lines include:
✔ No rushed agreements
✔ Balanced gains for both sides
✔ Safeguards for sensitive sectors
The bottom line: India welcomes partnerships—but only on fair terms.
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