Speaking in Italy-Indian business, science and technology forum, Hayal emphasized that any agreement will be concluded only if it benefits the Indian people.
India will not hurry in any trade transaction and do not agree under pressure, Trade Minister Pius Goyal said after the US stopped its mutual tariffs for India for 90 days. The Washington step is regarded as an opportunity for both countries to accelerate negotiations on a bilateral trade agreement.
Speaking in Italy-Indian business, science and technology forum, Hayal emphasized that any agreement will be concluded only if it benefits the Indian people. “We never negotiate at the sight. Time restrictions can motivate faster conversations, but we will not hurry unless India’s interests are completely protected,” he said.
He added that trade negotiations with the US, UK, EU and other countries are moving forward, while maintaining the goal of developing India (Viksit Bharat). Although he did not share specific details, Goyal noted that successful negotiations require that both parties understand each other’s problems.
The Minister of Foreign Affairs S Jaishankar also spoke at the Carnegie Global Technology summit. He said India is ready for urgent negotiations with the United States, especially since US President Donald Trump’s tariff decisions have moved a global trade environment.
Yashankar said the US is now a more aggressive approach to global trade and is waiting for more from its partners. “This time we are ready for high levels of urgency. Our trade deals are very difficult, but we are dealing with ambitious and concentrated people,” he said.
He also said that during the previous Trump administration, both countries had strong views on each other, but lacked mutual understanding. This, he said, has now changed.
Speaking about the European Union, he acknowledged that the negotiations were slow for many years, but noted that there were long periods when the negotiations did not take place at all.
Yashankar concluded that both the US and China have a great impact on global trade, especially in technology industries.
