No Trade Deal Under Time Pressure, National Interest Supreme: Goyal

He also said that India is negotiating free trade agreements (FTAs) with the European Union, New Zealand, Oman, the U.S., Chile, and Peru

- OUR CORRESPONDENT

NEW DELHI: India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the U.S. only when it is fully finalized, properly concluded and in the national interest, Commerce and Industry Minister Piyush Goyal said on Friday.

He also said that India is negotiating free trade agreements (FTAs) with different countries, including the European Union, New Zealand, Oman, the U.S., Chile, and Peru.

FTAs are possible only when both sides get benefitted and it should be a win-win agreement, he told reporters when asked about the proposed interim trade agreement with the U.S.

"National interest should always be supreme. Keeping that in mind, if a deal is made then India is always ready to deal with developed countries," Goyal said.

When asked if an interim trade agreement between the two countries is possible by July 9, he said, "India never does any trade deal based on deadline or time frame. When the deal is done properly, and is completely finalized and is in the country's interest, then we will accept it."