India Demands Fair Play: Piyush Goyal Urges US Against Weaponising Trade and for Equitable Energy Access

In a powerful statement reflecting India's growing assertiveness on the global economic stage, Commerce and Industry Minister Piyush Goyal has firmly urged the United States to ensure that trade is never weaponised and called for a truly level playing field in energy trade. This significant declaration underscores India's commitment to stable and predictable international commerce, particularly with a key strategic partner like the US.

Addressing a high-level forum, Goyal articulated India's vision for a collaborative trade environment, one free from political leverage or undue influence.

His remarks highlight a persistent concern among developing nations about the potential misuse of trade policies for geopolitical ends, emphasizing that economic partnerships should foster mutual growth rather than serve as tools for pressure.

A central pillar of Goyal's argument revolved around energy security, a critical issue for India, one of the world's largest energy importers.

He stressed the imperative for equitable access to global energy resources, specifically pressing the US for fair and consistent access to its crude oil and Liquefied Natural Gas (LNG) supplies. India's rapidly expanding economy necessitates reliable and affordable energy inputs, and any impediment to this flow can have far-reaching consequences.

Goyal pointed out the paradox where, despite the US being a major energy exporter, certain non-tariff barriers or inconsistent policies could hinder India's ability to procure these vital resources.

He advocated for a trade relationship that truly reflects the spirit of a strategic partnership, where both nations benefit from open and transparent markets. This means dismantling any hidden restrictions and ensuring that energy supply chains remain robust and resilient, safeguarding against future disruptions.

The Minister's intervention is seen as a proactive move to safeguard India's economic interests and reinforce its position as a responsible global actor.

It signals India's readiness to engage in frank discussions with its partners to address imbalances and build a more equitable international trading system. By advocating for principles of fairness and non-weaponisation of trade, India is not only looking out for its own prosperity but also championing a stable, rule-based order that benefits all nations.

Ultimately, Goyal's message resonates with a broader call for global economic stability.

In an increasingly interconnected world, the weaponisation of trade or the creation of uneven playing fields only serves to destabilise markets and undermine trust. India, through its persistent advocacy, aims to cement a relationship with the US that is founded on shared prosperity, mutual respect, and an unwavering commitment to fair and open trade practices.