Developed Nations Are More Reliable Trade Partners Than China, Says Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal has emphasized that developed nations present more reliable and stable trade partnerships than China. Addressing exporters and business leaders, Goyal urged the Indian export community to adopt a long-term view and align with countries that offer transparent and dependable trade environments.
According to Goyal, developed nations provide consistency in policies, legal clarity, and greater respect for contractual obligations—qualities that are essential for ensuring long-term growth and mitigating risk in international commerce. Without naming China directly in criticism, Goyal contrasted the dependability of developed economies with the volatile and often unpredictable nature of trade dealings with Beijing.
He also lauded Indian exporters for their resilience and performance, pointing out that despite global economic headwinds and geopolitical uncertainty, India achieved record-high exports during the fiscal year 2024–25. Goyal attributed this success to the robust foundation of Indian enterprise and supportive government measures.
The minister reaffirmed the government’s commitment to building a strong export ecosystem through better logistics, infrastructure, and favorable trade policies. He reiterated that India’s participation in global value chains must be rooted in sustainable, mutually beneficial partnerships—especially with economies that share common values of rule-based commerce.
His comments come at a time when global trade alignments are undergoing a shift due to rising tensions between major powers and the increasing scrutiny of supply chain dependencies. Goyal’s statement effectively positions India to capitalize on emerging global trends by aligning with partners that offer strategic trust and economic predictability.
The message to Indian industry is clear: the future of trade lies in reliable, rule-based systems—qualities better embodied by developed nations than by authoritarian regimes with opaque trade practices.
