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NEW DELHI: Commerce and industry minister Piyush Goyal Wednesday asked exporters to take full advantage of the recently concluded Free Trade Agreements (FTAs) with developed countries to boost exports of goods and services and help create jobs.“Industry must now intensify its efforts to penetrate new markets, upgrade quality and become more competitive to take maximum…
Piyush Goyal (File photo) Union Commerce and Industry Minister Piyush Goyal on Sunday gave insights into the behind-the-scenes negotiations that shape India’s free trade agreements (FTAs).In an interview with PTI, Goyal revealed that had personally met every negotiator involved in India’s trade agreements, emphasising that negotiators are tasked with protecting their own country’s interests and…
In recent FTAs, including with the EU, India has given up its reluctance to lower tariffs for automobiles, wine and, even for some fruits such as apples and pears. Since you are negotiating several deals, and will come across what have traditionally been no-go areas, what will be your strategy for calibrated opening up?This is…
NEW DELHI: India and the European Union on Tuesday announced the finalisation of “mother of all FTAs”, that will result in gradual tariff reduction for 96% of exports from both sides, while keeping contentious items such as cereals and dairy products outside the ambit.While Indian textiles, marine products, leather and footwear, gems and jewelry, toys…
The growing number of free trade agreements (FTAs) signed and implemented by India will provide wider market access to the country’s agriculture and food processing sectors, Minister of State for Commerce and Industry Jitin Prasada said on Friday, PTI reported.“We have navigated a series of free trade agreements. Our produce has access to these markets,”…
2025 has cemented itself as the year of the “Tariff Wall.” With India now facing a new landscape of protectionism from the West, and complicated energy issues developing in the global energy market, India’s economic relationship with the world has been defined by a series of flashpoints.Although government officials say that India’s external sector remains…
Cheap copper imports under multiple free trade agreements (FTAs) are “severely damaging” India’s domestic manufacturing system, the Indian Primary Copper Producers Association (IPCPA) said, urging the government to step in with safeguard duties and quantitative restrictions.The industry body said a surge in zero-duty copper imports is eroding India’s smelting and downstream manufacturing base, even as…
India is rapidly expanding its global electronics footprint on the back of new free trade agreements, targeted policy reforms and growing investor confidence, industry leaders said. Companies say the shift toward manufacturing-centric policies is reshaping India’s export potential and positioning the country for deeper integration into global value chains.As quoted by news agency ANI, Shiva…
NEW DELHI: India should leverage the recently signed UK FTA and negotiate EU access to overcome tariff disadvantages of over 10% on inputs compared to near-zero for Vietnam and Italy, enabling deeper integration into global value chains for the country’s leather and footwear exports, a report by the government’s policy think tank Niti Aayog said…
India is intensifying efforts to secure stable supplies of critical minerals from South America, targeting resource-rich nations like Peru, Chile and Argentina amid a growing focus on renewables and green mobility.A high-level delegation from India’s mines ministry is visiting Peru this week to explore opportunities for lithium, copper and rare earth imports, while the country…
