New Delhi, Nov 11 (NationPress) Union Commerce and Industry Minister Piyush Goyal emphasized on Tuesday that India will not jeopardize the interests of farmers, the dairy sector, and workers in any trade agreements made with other nations.

He indicated that India is exploring new markets, such as Russia, for its fisheries sector as an alternative to the US market, especially after significant tariff increases implemented by the Trump administration.

"We are striving for a beneficial trade agreement. India will not compromise the interests of farmers, the dairy sector, and workers... Our goal is to establish a fair, equitable, and balanced trade deal," he stated during the Udyog Samagam 2025, a conference for Industries and Commerce Ministers of various states.

The minister elaborated that the timing for such agreements hinges on mutual readiness. "The trade deal could materialize tomorrow, next month, or next year... but as a government, we are preparing for any situation," he noted.

Previously, Goyal mentioned that discussions between India and the US are progressing, although various sensitive and intricate issues remain unresolved.

He has reiterated that India will not hastily enter into a trade deal, aiming instead for an equitable agreement with partner nations.

These remarks come amidst the ongoing India-US trade negotiations. India is also engaged in discussions for a free trade agreement with the European Union, where differences persist regarding market access, environmental standards, and rules of origin.

In his address at the Berlin Global Dialogue, Goyal stated that India's trade negotiation strategy is guided by a long-term perspective rather than pressured by immediate trade goals. "Trade agreements are long-term commitments. It’s not solely about tariffs; it’s also about trust and relationships. Trade deals are fundamentally about businesses," he asserted.

"India will not rush into any trade deal," Goyal remarked, addressing European concerns regarding India's ongoing purchases of Russian oil.

“This isn't just about what will occur in the next six months. It’s not merely about selling steel to America,” Goyal said, referring to the ongoing trade interactions with the US.

The EU, UK, and US are urging India to decrease imports of discounted Russian crude, which they claim helps finance the war against Ukraine.

India has defended its acquisition of Russian oil as crucial for maintaining affordable energy supplies and ensuring energy security for its citizens.