India’s FTAs with the US and European Union are also progressing well: Piyush Goyal

Union Commerce Minister Piyush Goyal informed that FTA with UK, provides level playing field for India in highly competitive sectors especially in textile and leather goods industry. Addressing a press conference in New Delhi, the Commerce Minister expressed confidence over the deal to be passed in the UK parliament soon as a bi-partisan support has been witnessed. Mr Goyal also mentioned that he will hold sectoral meetings in India regarding the FTA with every sector.

Talking about India’s Free Trade Agreement (FTA) with Oman the Minister informed that it is nearing completion. He added that India’s FTAs with the US and



European Union are also progressing well while talks with New Zealand, Chile and Peru are on-going too. He highlighted that these trade deals hold potential to explore technological partnerships and utilize India’s strength in STEM (Science, Technology, Engineering, and Mathematics)

Mr Goyal further noted that successful trade deals with developed nations in recent years reflect the growing relevance and importance of India on the global stage. He added that the India’s goods and services have high quality and cost competitiveness which has made these deals possible.