India will not sign any trade deal in a hurry, says Piyush Goyal
InfineonInfineon(US:IFNNY) The Economic Times·2025-10-24 07:56

Group 1 - India will reject trade conditions from partner countries that limit its trading choices, as stated by Trade Minister Piyush Goyal during negotiations for a free trade agreement with the European Union, with ongoing differences over market access, environmental standards, and rules of origin [1][7] - India's trade discussions with the United States are ongoing, where the U.S. has imposed a 50% tariff on Indian exports, indicating a cautious approach from New Delhi [1][7] - The EU, UK, and US are urging India to reduce imports of discounted Russian crude oil, which they argue supports Russia's military efforts in Ukraine, while India defends its energy purchases as vital for energy security [3][7] Group 2 - Goyal met with Luxembourg's Deputy Prime Minister and Minister of Foreign Affairs and Trade, Xavier Bettel, to review economic relations and explore ways to enhance bilateral trade [5][7] - Discussions included Luxembourg's upcoming state visit to India and various regional and global developments [5][7] - Goyal engaged in one-on-one discussions with CEOs of major German companies, focusing on potential collaborations in critical sectors such as defense, energy, emerging technologies, and mobility [6][7]