The recently signed India-UK FTA is a golden opportunity from India's perspective, Sanjay Nayar, President of ASSOCHAM and Founder-Chairman of Sorin Investment Fund said, asserting that the private sector has to really now step up with the government having done most of the heavy lifting.
The India-UK Comprehensive Economic Trade Agreement (CETA) is poised to trigger substantial foreign direct investment (FDI) flows into India by establishing unprecedented levels of mutual trust and respect between the two nations, said Sanjay Nayar, President of ASSOCHAM and Founder-Chairman
Sanjay Nayar, President of ASSOCHAM and Founder-Chairman of Sorin Investment Fund, described the trade pact as a "golden opportunity" that establishes clear frameworks for mutual market access while safeguarding local interests through mutual trust.
Commerce Minister Piyush Goyal on Sunday targeted the previous UPA government led by Congress, alleging that trade deals signed during that period were not in the country's interests.
Muizzu said that the visit was fruitful, as they witnessed the exchange of four MoUs and three agreements in vital areas, and announced the launch of FTA negotiations.
Union Commerce and Industry Minister Piyush Goyal highlighted on Saturday that growing international scrutiny of the European Union's Carbon Border Adjustment Mechanism (CBAM) could weigh more heavily on European industries than its intended targets.
Goyal, while addressing a press conference, emphasised that out of all FTAs signed so far, the India-UK FTA has been the biggest, most comprehensive, and most important, highlighting that 99% of India's exports to the UK will now be duty-free.
The second round of India-New Zealand Free Trade Agreement Negotiations, which concluded in New Delhi, made significant advancements in multiple areas, including trade in goods and services, investment, rules of origin, customs procedures and trade facilitation, technical barriers to trade,
"Delighted to exchange eight Agreements related to Line of Credit, debt repayment, FTA, fisheries & aquaculture, digital transformation, pharmacopoeia and UPI in the presence of PM @narendramodi and President @MMuizzu today in Male," External Affairs Minister S. Jaishankar posted on X