Free Trade Agreements (FTAs) are making India more competitive with markets like the United States of America, China and Brazil, said an official of the Commerce Ministry.
Highlighting the rationale behind this cautious stance, Jaishankar said, "Modi govt has been very cautious on FTA for two reasons. Number one, weighing the experiences and the results of previous and number two, our concern for the impact of FTAs on MSMEs."
Jaishankar said that the government tries to keep farmers' and MSMEs' (Micro, Small and Medium Enterprises) interests while negotiating the terms of FTAs
Highlighting India's strategic approach, Goyal stated that India enters into FTAs with countries which are transparent, open and where Governments' economic systems align with India.
New Delhi [India], July 3: Anticipating a boost in the manufacturing sector, signing of the FTAs, the recent growth in the textile exports, bundled with the Indian government's focus on making India a 'global manufacturing hub' has set up encouraging prospects for the stakeholders of the Ind
Union Minister Piyush Goyal has said that India is actively working on the process of free Trade Agreements (FTAs) with many countries and expressed confidence of fast progress with the United Kingdom, irrespective of the result of the British elections
Led by Commerce Secretary, Sunil Barthwal, the Chintan Shivir aimed to formulate a strategic roadmap for India's FTA negotiations while fostering discussions on SOPs, capacity building, and contemporary trade issues.
The commerce ministry has organised a two-day "Chintan Shivir" for formulating strategies and standard operating procedures for free trade agreements. The Shivir organised on May 16-17, was attended by senior government officials of different departments, former government secretaries, and t
Despite Geo-political tensions India's tourism industry braces for a surge of more than 10 percent in inbound tourism this year. Industry experts cite escalating conflicts in the Middle East and shift of foreign tourists from China after the pandemic as key factors propelling India into t
With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.