India treats all trade partners equally, says Goyal

TIL Desk/Business/New Delhi/ Commerce Minister Piyush Goyal on Thursday said that India believes in fair trade practices and equal treatment to all and that the country is not contemplating any curbs on imports from either Malaysia or Turkey. Goyal was speaking at the Raisina Dialogue, a multilateral conference held here annually.

Replying to a question during a panel discussion at the event, he said that India has not put any curbs on imports from either Malaysia or Turkey – which have been critical of the Modi government”s decisions on Jammu and Kashmir – nor does it plans to do so.

He further said that if curbs are imposed, they apply equally to all countries. On another questions, regarding the government”s plans to not allow imports without Harmonized System of Nomenclature (HSN) codes, Goyal clarified that one out of four items valued at $130 billion are in the ”others” category.

He said that right classification of these imports under HSN code will only lead to greater transparency and establish fair trading practices. On Wednesday, the minister at an event had said that India will not allow imports without HSN codes. In trade parlance, the HSN codes is an international system for the systematic classification of goods.

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