May 16, 2022
1 min read

FTAs will benefit bilateral trade, economy: Goyal

While appreciating the accommodative spirit of the Industry, the Minister urged the industry representatives to continue to support the trade negotiations in the same spirit in the wider interests of the nation…reports Asian Lite News

Commerce & Industry Minister Piyush Goyal held a stakeholder consultation on India’s ongoing negotiations on Free Trade Agreements (FTAs) with Canada, the United Kingdom and the European Union with various sectors of the industry in Mumbai on Saturday.

The agreements that are being negotiated will elevate the overall economic and commercial relations with respective partner countries, Goyal pointed out. This will not only benefit bilateral trade but also create new jobs and provide wider social and economic opportunities, he added, according to the Ministry of Commerce & Industry.

Commerce & Industry Minister Goyal stressed on the potential benefits – both direct and complementary spill-over economic benefits – including increased investment, job creation and employment opportunities, the ministry said.

While appreciating the accommodative spirit of the Industry, the Minister urged the industry representatives to continue to support the trade negotiations in the same spirit in the wider interests of the nation, contributing to the holistic development of multi-sectoral economic value chains in the country.

The Minister had separate meetings with representatives of automobiles, gem and jewellery, textiles, steel, copper and aluminium sectors. The hybrid interaction had industry leaders and associations attending both in person and online.

According to the Ministry of Commerce & Industry, the representatives thanked the Minister for entering into FTAs with UAE, Australia and other nations, that too at such a fast pace fulfilling a long-lasting dream for many of them.

All the stakeholders expressed gratitude to the Minister for taking into consideration concerns of Indian Industry and provided constructive inputs on this matter with a view to ensure overall balance between market access and domestic sensitivities, the ministry said. (India News Network)

ALSO READ: After BrahMos, Philippines keen to buy aircraft from India

Previous Story

Former Pak envoy to Italy fired for sexual harassment

Next Story

Modi in Lumbini

Latest from -Top News

Zero Tariffs? Trump Claims Big Win Over India

Trump Claims India to Eliminate Tariffs on U.S. Imports..reports Asian Lite News U.S. President Donald Trump announced on Tuesday that India has either already removed or is in the process of removing

UNSC Grills Pakistan Over Pahalgam Attack

Though Pakistan claimed that the meeting largely served and achieved the objectives of the UNSC’s meeting, reports showed that it flopped miserably…reports Asian Lite News The United Nations Security Council (UNSC) reportedly

Pakistan’s Terror Link “No Secret”: Bilawal Bhutto

Zardari stated that Pakistan’s intelligence services have since changed course and no longer collaborate with extremist elements..reports Asian Lite News Bilawal Bhutto Zardari, former Foreign Minister of Pakistan, has openly acknowledged Pakistan’s

Islamists Rise Under Yunus Rule

After the departure of former Prime Minister Sheikh Hasina in August 2024, Islamic parties in Bangladesh, crushed for years by the Awami League government, have made inroads into the political arena…writes Baidya
Go toTop

Don't Miss

Pentagon celebrates life of Indian-born audiologist Deepa Hariprasad

Lt. Col. Deepa Hariprasad is the first Indian-American director of

IJRAR Report Exposes Pak Shenanigans Over Kashmir

Terrorism as a state policy has never paid dividends anywhere