India will not negotiate any FTA on back foot; will protect India’s interest, says Piyush Goyal
India will not negotiate any free trade agreement (FTA) on the “back foot” and will always ensure protection of interest of people and industry, Commerce and Industry Minister Piyush Goyal said on Saturday. Prime Minister Narendra Modi is ready to bite the bullet and because of that India decided to walk out from the mega free trade pact Regional Comprehensive Economic Partnership (RCEP) as the concerns of India was not addressed, Goyal said.
“When we do FTAs…the trade deal with the US…we ensure that domestic interest and our industry is a paramount. That is what will define the terms of engagement of India with the rest of the world. “No more will India stand with weak knees, no more will India negotiate from the back foot. The country plays on the front foot,” he said here at the ET (Economic Times) Awards 2019.