https://sputniknews.in/20251118/india-will-ink-trade-pact-with-us-if-it-is-fair-equitable-and-balanced-commerce-minister-10083344.html
India to Ink US Trade Deal Only If Terms Are Fair and Balanced: Commerce Minister
India to Ink US Trade Deal Only If Terms Are Fair and Balanced: Commerce Minister
Sputnik India
India will sign a bilateral trade agreement with the United States only if it is 'fair, equitable, and balanced,' Commerce Minister Piyush Goyal said on... 18.11.2025, Sputnik India
2025-11-18T18:16+0530
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New Delhi and Washington have been negotiating a Bilateral Trade Agreement (BTA) since March, but six rounds of talks have reportedly failed to achieve a breakthrough.The situation has been further complicated by the current US administration's decision to impose 50% tariffs, including 25% punitive levies on Indian exports to America, resulting in the deterioration of relations with New Delhi.While India has described the US tariffs as "unfair", top officials in the US have been quite vocal in their criticism of New Delhi's strong ties with long-term strategic partner Russia.President Donald Trump's trade advisor, Peter Navarro, US Commerce Secretary Howard Lutnick, US Treasury Secretary Scott Bessent, and Secretary of State Marco Rubio have all criticised India for fueling Russia's war in Ukraine through its crude oil purchases worth billions of dollars.However, India has repeatedly rejected this charge, underlining that its energy procurements are based on the country's "national interest". Earlier, Minister of External Affairs S Jaishankar also slammed the West for double standards over Russian oil purchases, pointing out that both US and Europe trade extensively with Moscow.
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India to Ink US Trade Deal Only If Terms Are Fair and Balanced: Commerce Minister
18:16 18.11.2025 (Updated: 18:45 18.11.2025) India will sign a bilateral trade agreement with the United States only if it is 'fair, equitable, and balanced,' Commerce Minister Piyush Goyal said on Tuesday.
"Negotiation for a trade agreement is a process and India as a nation has to see the interests of farmers, fishermen and small industry. When the deal will become fair, equitable and balanced, you will hear good news," Goyal said in his address at the Indo-US Economic Summit.
New Delhi and Washington have been negotiating a Bilateral Trade Agreement (BTA) since March, but six rounds of talks have reportedly failed to achieve a breakthrough.
The situation has been further complicated by the current US administration's decision to impose 50% tariffs, including 25% punitive levies on Indian exports to America, resulting in
the deterioration of relations with New Delhi.
While India has described the US tariffs as "unfair", top officials in the US have been quite vocal in their criticism of New Delhi's strong ties with long-term strategic partner Russia.
President Donald Trump's trade advisor, Peter Navarro, US Commerce Secretary Howard Lutnick, US Treasury Secretary Scott Bessent, and Secretary of State Marco Rubio have all criticised India for fueling Russia's war in Ukraine through its crude oil purchases worth billions of dollars.
However, India has repeatedly rejected this charge, underlining that its energy procurements are based on the country's "national interest".
Earlier, Minister of External Affairs S Jaishankar also slammed the West for double standards over Russian oil purchases, pointing out that both US and Europe trade extensively with Moscow.
