Union Minister for Commerce and Industry Piyush Goyal said that India looks forward to working with countries that follow fair trade practices and offer equal opportunities to do business. Speaking at the India Global Forum last evening, Minister Goyal pointed out that Indian companies are competent and can perform well if fair trade practices are followed. He highlighted that the foundation of rapid growth in China was fuelled by unfair trade practices
Speaking on models that impinge upon multilateral trade rules, Goyal noted hidden subsidies, labour practices and efforts to demolish sectors are main problems. He said that the focus is to bring back fair play, pricing of goods and services at an honest value. He added that the world may be in further turbulence if we are not able to bring this balance.
