Why is it important to respect mutual sensitivities in trade agreements, as mentioned by Piyush Goyal
Piyush Goyal emphasizes that there will be no free trade pact if the EU insists on opening the dairy business, highlighting the need to respect mutual sensitivities.
- Respecting mutual sensitivities in trade agreements fosters trust and goodwill between nations.
- It acknowledges the cultural, economic, and political differences that may exist between countries.
- By acknowledging sensitivities, both parties demonstrate a willingness to negotiate and compromise for a mutually beneficial agreement.
- Ignoring sensitivities can lead to resentment, conflicts, and ultimately, the breakdown of the trade relationship.
- It promotes a more sustainable and long-lasting trade partnership based on respect and understanding.
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6 months ago