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Piyush Goyal could retaliate if ASEAN non-trade barriers persist | Economic and political news

Piyush Goyal could retaliate if ASEAN non-trade barriers persist | Economic and political news

Minister for Commerce and Industry, Piyush Goyal

Prime

Minister for Commerce and Industry, Piyush Goyal

India may consider taking retaliatory measures if non-trade barriers imposed by the Association of Southeast Asian Nations (ASEAN) are not addressed in the ongoing review of the trade deal, Commerce and Industry Minister Piyush Goyal said.

If they (ASEAN countries) give us a fair deal in terms of revision, it will help us reduce the huge trade deficit. If they fail to do so, then we will have to look at the non-tariff barriers imposed on us, and I will have to consider retaliatory measures,” Goyal told Business Standard in an interview.

Concerning the much-delayed e-commerce policy, the minister