India does not rush into trade negotiations, follows careful and calibrated approach: Piyush Goyal

India does not rush into trade negotiations, follows careful and calibrated approach: Piyush Goyal

New Delhi: Indian Union Minister of Commerce Piyush Goyal said that the government does not rush to conclude trade negotiations because Free Trade Agreements (FTAs) impact the country for several years and follow a careful and calibrated approach. During an interaction at the Raisina Dialogue 2024, the Minister said that extensive stakeholder consultations, inter-ministerial meetings, etc. are conducted during FTA negotiations to ensure that FTAs are fair, equitable and balanced. For the upcoming WTO Ministerial Conference 13 (MC13) to be held next week in Abu Dhabi, UAE, Goyal said that there are attempts to include issues in the WTO that are not part of world trade and India will try to ensure that the guiding principles of WTO are maintained. The Minister highlighted India's role in the past at the WTO MCs and expressed strong support for making the organisation stronger with the necessary reforms. Goyal said that WTO is important for a fair and robust multilateral trading system. On the Carbon Border Adjustment Mechanism (CBAM) issue, Goyal said that India is concerned by the tax imposition of the European Union (EU) and will take up the issue within the rules of World Trade Organisation (WTO) and will also look