Piyush Goyal consults industry as part of India’s FTA negotiations with UK, EU & Canada

16 May 2022, Mumbai:

The Union Minister for Commerce and Industry; Consumer Affairs, Food, and Public Distribution, and Textiles, Piyush Goyal held a day-long stakeholder consultation with various sectors of the industry in Mumbai today, on India’s ongoing negotiations on Free Trade Agreements with Canada, the United Kingdom, and the European Union.

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

The Commerce Minister apprised the industry as to how the Agreements that are being negotiated will elevate the overall economic and commercial relations with respective partner countries which in turn will not only benefit bilateral trade but also create new jobs and provide wider social and economic opportunities.

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Goyal stressed the potential benefits - both direct and complementary spill-over economic benefits, including increased investment, job creation, and employment opportunities.

The industry 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.

Further, all the stakeholders expressed gratitude to the Minister for taking into consideration concerns of Indian Industry and providing constructive inputs on this matter with a view to ensuring an overall balance between market access and domestic sensitivities.

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CREDITS: PIB (The news article has not been edited by DFU Publications staff).