India Free Trade Agreements: Commerce and Industry Minister Piyush Goyal said on Friday that India is currently negotiating free trade agreements with countries like America, European Union, New Zealand, Oman, Peru and Chile.
He also said that India Trade Promotion Organization (ITPO) would be happy to join hands with the state government to develop ‘Andhra Mandapam’, a world class convention center on the lines of ‘Bharat Mandapam’ in New Delhi.
What did the Commerce and Industry Minister say?
The minister said that reducing trade barriers at the global level will promote free flow of goods, services and capital. India has already implemented free trade agreements with countries like UAE, Australia and EFTA (European Free Trade Association), a group of four European countries. We are currently in talks with the EU, US, Oman, New Zealand, Chile and Peru, Goyal said at the ‘CII Partnership Conference 2025’ here. Many other countries also want us to start talks with them.
Giving further information, he said that to promote ease of doing business, the Center has removed 42,000 compliances and abolished 1,500 laws. Later addressing the same program, Andhra Pradesh Chief Minister N. Chandrababu Naidu said that he will provide land for the construction of a world class ‘convention centre’.
Furthermore, Goyal suggested taking steps to enhance global cooperation. He suggested promoting investment by reducing trade barriers and creating an open, transparent environment that enables free flow of goods, services and capital. Apart from this, the Minister also gave suggestions for creating a credible policy framework to promote technology cooperation and long-term partnership. These comments are important in view of increasing protectionism at the global level.
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