
Commerce Minister Piyush Goyal assures the sector of a “fair, equitable and balanced” approach, prioritizing domestic interests over foreign access.
India’s Commerce and Industry Minister, Piyush Goyal, has issued a strong declaration to the international trade community: the nation will not, under any circumstances, compromise the interests of its vast base of farmers, dairy producers, and workers in ongoing or future trade negotiations. Speaking at the Udyog Samagam 2025 conference—a gathering of state industry and commerce ministers—Goyal reaffirmed the government’s commitment to securing only a “fair, equitable and balanced trade deal” that protects domestic vulnerabilities.
This resolute stance is critically important for the massive Indian dairy sector, which forms the livelihood of millions of small and marginal farmers. The statement emphasizes a protective shield against the potential influx of cheaper, subsidized foreign dairy products that could destabilize the local market and depress farmgate prices, a major concern for the cooperative-led structure of Indian milk production.
Minister Goyal elaborated that while the government is actively working toward securing advantageous trade deals, the completion of any agreement—whether “tomorrow,” “next month,” or “next year”—is contingent upon these fundamental non-negotiables being met. He stressed that the government is fully prepared for “any contingency,” signaling readiness to walk away from unbalanced negotiations if domestic interests are threatened.
Beyond protecting the dairy and agricultural sectors from unfair competition, the Indian government is simultaneously pursuing new market avenues to boost other exports. Goyal highlighted proactive efforts to identify and access new markets, specifically mentioning Russia as a potential destination to support the country’s fishery sector, which is currently facing commercial challenges due to steep tariffs imposed by the US.
In essence, the minister’s message to both domestic industry stakeholders and international negotiating partners is clear: while India is committed to global trade expansion, this growth must not be achieved at the expense of its core agricultural and labor economy. This firm position sets a critical precedent for how one of the world’s largest food producers approaches complex bilateral and multilateral trade pacts, underlining the strategic importance of dairy in its national policy.
Source: Get the full report on India’s trade negotiation stance from The Economic Times.
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