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Piyush Goyal, India's Minister of Commerce and Industry, conveyed India's willingness to engage in trading blocs involving China, provided Beijing commits to maintaining an open, transparent economy in alignment with the regulations set forth by the World Trade Organization (WTO). Goyal made this statement during a media event, underscoring the importance of adherence to international trade norms.
India's stance reflects a pragmatic approach to regional and global trade partnerships, emphasizing the significance of transparency and compliance with established rules and standards. By setting conditions for participation in trade blocs involving China, India aims to ensure fair and equitable economic engagement while promoting a rules-based international trading system.
Goyal's remarks signal India's readiness to engage in constructive dialogue and collaboration with China within the framework of transparent and rules-based trade mechanisms. This stance highlights India's commitment to fostering mutually beneficial trade relationships while upholding principles of transparency and adherence to international trade regulations.