By Admin 
India EU Trade Deal: At a time when India is in talks with the US and European Union regarding a trade agreement and it is expected to be signed soon, Union Commerce Minister Piyush Goyal said that the government is not in any hurry in this deal. According to Reuters, during the Berlin Global Dialogue, Goyal said that if any attempt is made by any trading partner country to impose any condition which hinders India’s trade options, it will be rejected.
Strong message from Piyush Goyal
It is noteworthy that talks on Free Trade Agreement are going on continuously between India and the European Union, but no consensus has been reached yet on market access and other issues. This conversation has been going on for a long time.
This strong message from Piyush Goyal has come at a time when Trump administration and the European Union are putting pressure on India to purchase cheap crude oil from Russia. America has imposed a high tariff of 50 percent on India, which includes an additional tariff of 25 percent due to the purchase of crude oil from Russia.
Attempt to put pressure on India
Western countries allege that India is indirectly helping in the fight against Ukraine by purchasing cheap oil from Russia. US President Donald Trump has claimed that Prime Minister Modi has committed to him that the purchase of crude oil from Russia will be reduced. However, the Government of India has not issued an official statement in this regard.
On the other hand, President Trump has imposed sanctions against Russia’s two major oil companies, Rosneft and Lukoil. As a result, India and China may be forced to reduce the purchase of oil from Russia.
Also read: Neither dollar nor pound! Why central banks around the world, including India, are continuously increasing their huge reserves of gold?