Piyush Goyal has said that India, which has signed Free Trade Agreements (FTAs) with the United Arab Emirates (UAE) and Australia in the last few months, expects to conclude talks related to two more such agreements by the end of this year. Is.
Industries and Commerce Minister Piyush Goyal
Industry and Commerce Minister Piyush Goyal has said that India, which has signed Free Trade Agreements (FTAs) with the United Arab Emirates (UAE) and Australia in the last few months, is expected to hold talks on two more such agreements by the end of this year. expected to be completed. India’s ongoing FTA talks with Britain are expected to be completed only by the end of September. While the FTA talks with Canada are also progressing rapidly.
Bilateral trade will get a boost: Goyal
Addressing an event organized by the US-India Strategic Partnership Forum here, Goyal said that the ongoing negotiations of these two free trade agreements are expected to be completed by the end of this year. In a free trade agreement, the two parties involved either completely remove or reduce customs duties on most products that are mutually traded. This creates conditions for increasing bilateral trade.
India’s trade agreement with UAE has come into force. Apart from this, India has also signed FTA with Australia. Speaking on the occasion, Goyal said that the governments of both the countries are willing to strengthen economic ties and strategic partnership with the US. He said that India’s strong relations with the people of America will strengthen mutual trade and economic ties. He said that India is poised to become a $ 30 billion economy in the next three decades and it will also create many opportunities for people of Indian origin.
Let us tell you that after Liz Truss was elected as the Prime Minister of Britain, Commerce and Industry Minister Piyush Goyal expressed hope that talks on a Free Trade Agreement (FTA) with Britain will be completed soon. Addressing the members of the Institute of Chartered Accountants of India (ICAI) in San Francisco on Monday, Goyal said, “There may be a delay of a few weeks (in completion of talks on FTA) due to changes at the political level, but after Liz Truss With becoming the Prime Minister of Britain, I hope that we will make up for the time that has passed.
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