New Delhi: India has been engaged in trade discussions with the United States, with officials and leaders from both countries holding five rounds of talks since March. A U.S. delegation was scheduled to visit India in August, but the trip was canceled amid concerns over Trump-era tariffs. Commerce Minister Piyush Goyal stated that India does not negotiate under strict deadlines and is always ready for agreements that are mutually beneficial. He noted that India had given ample time, and the deadline had passed, responding to recent comments from U.S. President Donald Trump.
Currently, trade talks with the U.S. remain stalled. However, Goyal highlighted that negotiations with the European Union have reached their final stages, showing significant progress.
Agricultural Imports and Domestic Interests
The U.S. has long demanded that India open its market to American agricultural products. Goyal clarified that accepting such imports would harm Indian farmers and producers, and India will not concede to the demand. He emphasized that the issue is both commercially and politically sensitive, and rushing decisions would not benefit either country.
Energy Security and Russian Oil
Amid U.S. pressure regarding oil imports from Russia, Goyal reaffirmed that India will not compromise. Russia remains India’s largest crude oil supplier, a relationship that is vital for national interests despite external pressures.