India-Rus Trade Deal: There is a tussle between India and America over the free trade agreement. Meanwhile, Union Commerce and Industry Minister Piyush Goyal said on Sunday that India’s Free Trade Agreement (FTA) will never be at the cost of national interests. Speaking at the FTII Traders Conclave in Srinagar, Goyal said that the government is committed to ensure that all trade deals should be recipe and protect the interests of Indian traders and manufacturers.

Goyal said, “FTA is signed so that our local goods can get duty free access to other countries and can remove obstacles in reaching other markets. But it is natural that the FTA will have a two -way trade. It is not possible that they open their markets for our goods while we are not.”

Traders do not need to worry

Giving a clear message to the traders of the region, the minister said that the Center will not compromise sensitive areas or regional concerns while interacting on the market access with foreign traders. He said, “Traders do not need to worry. Whatever FTA we do, the interests of Jammu and Kashmir and the whole country will be taken into consideration.”

India ready to expand trade
Goyal’s remarks have come at a time when talks are going on between Indo-US about FTA. This trade agreement will give Indian export exemption from American tariff hike. The Union Minister said that India is ready to expand the trade, but all agreement will be made to ensure fair competition, domestic capacity building and long -term economic strength.