India is not ready to bow down on Press Note 3. What did Piyush Goyal say about China and America: – ..

News India Live, Digital Desk: Union Commerce and Industry Minister amid changing equations of global trade Piyush Goyal Has given big indications regarding India’s future strategy. Goyal has made the government’s stand clear on the controversy over the stalled trade deal with America and investment coming from China. While on one hand talks with America are in a ‘wait and watch’ state, on the other hand for China ‘Press Note 3’ The rules are not going to be relaxed at the moment.

Trade deal with America: Why is the talk on ‘brake’ now?

The important meeting of the proposed Interim Trade Pact between India and America was recently postponed. The main reason behind this is the sudden change in American policies.

Supreme Court’s decision: The tariff structure is being recalibrated in Washington after the US Supreme Court declared President Trump’s Global Tariffs unconstitutional.

Goyal’s statement: Piyush Goyal clarified that as soon as the situation regarding tariffs in America becomes clear, India will return to the negotiating table. “We are waiting for more clarity on the situation,” he said.

Concessions Proposed: Under the deal, America will waive the reciprocal tariffs imposed on India. reduced from 25% to 18% Was thinking of doing.

Press Note 3 and Chinese investment: No compromise on security

The government’s policy on ‘Press Note 3’ (PN3) remains a topic of discussion amid the demand from the industry and improving relations with neighboring countries.

What is Press Note 3? Under this rule, implemented in 2020, any investment coming from countries sharing land borders with India (mainly China) is required to obtain mandatory approval from the government.

Prohibition on opportunistic acquisitions: Goyal reminded that this rule was brought in to protect Indian companies from foreign takeover during the pandemic.

Calibrated Approach: The minister indicated that the government would take a stand regarding Chinese investment. ‘Step-by-step’ method can be adopted. Although it is not completely banned, the security check and approval process will be kept strict.

Communicate with Industry: The ministry is currently in talks with domestic industry to understand which sectors actually require Chinese technology and investment.

‘New inning’ will start with Canada also

Goyal gave an update on trade relations not only with China and the US but also with Canada.

Mark Carney visits: During the visit of Canadian PM Mark Carney to India on 26 February 2026 Free Trade Agreement (FTA) The terms of negotiations (ToR) are expected to be finalised.