India's commerce minister. In 2025 Mr Goyal said India would not, for the moment, approve an application by BYD, a Chinese EV-maker, to invest $1bn in an Indian joint venture. "Not too much Chinese investment has come to India. Nor are we encouraging any significant investment coming in from China at all," he said.
In February 2026, two days after a trade deal with America was announced, Mr Goyal said agriculture and dairy had been "completely protected" under the agreement. He later met Wang Wentao, China's commerce minister, to discuss trade—part of a wary rapprochement between the two countries—raising the issue of access to the Chinese market for Indian pharmaceuticals and of a trade deficit exceeding $100bn annually.
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