Commerce Minister Piyush Goyal on Friday said one cannot compromise with national interest just to meet the trade agreement deadline. At the end of the day, the trade agreements have to be a win-win for both sides.
Speaking at FICCI's 98th Foundation Day celebrations in Mumbai, Minister Goyal invoked Mahatma Gandhi's nationalist ethos, urging India's industrial leaders to prioritise domestic value chains even when foreign alternatives appear more economical in the short term. He cited examples of Japan
Shashi Tharoor expressed concerns over the impact of US tariffs on India's economy and emphasised the need for effective bilateral trade agreements. He also reflected on the significance of the upcoming Congress Working Committee meeting in Ahmedabad.
Bangladesh participated in the 25th BIMSTEC Senior Officials' Meeting in Bangkok ahead of the 6th BIMSTEC Summit. Led by Foreign Secretary Md Jashim Uddin, the delegation discussed trade agreements and regional cooperation. The next session will be hosted in Dhaka.
The Foreign Trade Policy, effective from April 1, 2023, aims to integrate India more effectively into the global market, enhance trade competitiveness, and establish the country as a reliable trade partner.
The officials discussed various key issues, including tourism cooperation, trade agreements, digital and maritime connectivity, health partnerships, and innovation and development. They also exchanged views on regional and global issues of mutual interest.
Union Commerce and Industry Minister Piyush Goyal on Sunday said that India will finanlise free trade agreement with the United States of America by the end of the year.
In a post on X (formerly Twitter), the Minister shared his enthusiasm for the interaction at KU Leuven University, stating, "Delighted at the engaging interaction with Indian students of the @KU_Leuven University in Belgium, which also saw the participation of senior faculty members. I sp
The US-India Business Council (USIBC) has urged the new administration in US to prioritise reciprocal trade agreements with India, particularly in defense, digital services, pharmaceuticals, and among others.
ndia has bilateral trade agreements, including Trade in Services, with Singapore, South Korea, Japan, Malaysia, Mauritius, UAE, Australia and an FTA in services and investment with the Association of South East Asian Nations
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.
He said, "Let us partner to achieve the export target of USD 2 trillion by 2030. Given that we will cross $800 billion this year, we will need to really put in a lot of effort collectively to achieve USD 2 trillion. It will not happen by chance. It will happen by choice."