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Piyush Goyal Reviews India’s Free Trade Agreement Progress

Commerce Minister Piyush Goyal held a review meeting with key officers and chief negotiators to assess the progress of India's Free Trade Agreements. He discussed ways to encourage more businesses to export and strengthen India's position in global value chains. Goyal also held talks with a Japanese delegation and had a virtual interaction with UK trade secretary Peter Kyle. He highlighted that the India-UAE Comprehensive Economic Partnership Agreement has driven bilateral trade past the $100 billion mark.

Key Points: Piyush Goyal Reviews FTAs, India-UAE Trade Booms

  • Piyush Goyal holds review meeting on FTA progress
  • India-UAE bilateral trade crosses $100 billion
  • Talks with Japanese delegation on key sectors
  • Virtual interaction with UK trade secretary explored CETA
2 min read

Piyush Goyal meets key officers, chief negotiators to assess progress on FTAs

Commerce Minister Piyush Goyal meets chief negotiators on FTAs, discusses India-UAE trade crossing $100 billion, and talks with Japan and UK.

"Discussed ways to encourage more businesses to export from India, further unlocking the country's potential to export world-class products - Piyush Goyal"

New Delhi, May 4

Commerce and Trade Minister Piyush Goyal on Monday held a review meeting with key officers and chief negotiators to assess the progress of India's Free Trade Agreements.

"Discussed ways to encourage more businesses to export from India, further unlocking the country's potential to export world-class products," the minister posted on X.

"Also, explored avenues to strengthen India's position in global value chains," he added.

Earlier in the day, Goyal held talks with a Japanese delegation to strengthen bilateral trade and investment relations.

"Met the delegation led by Mr Takayuki Kobayashi, Member of the House of Representatives and Chairperson of the ruling Liberal Democratic Party's (LDP) Policy Research Council, Japan," Goyal said in a post on X.

"Discussed strengthening India-Japan economic engagement, enhancing MSME partnerships, and deepening collaboration in key sectors like automobiles, infrastructure, pharmaceuticals, and advanced manufacturing," he added.

On Friday, Goyal said the India-UAE Comprehensive Economic Partnership Agreement (CEPA) is driving robust trade expansion and opening new avenues for Indian businesses.

Four years after the implementation of the India-UAE Comprehensive Economic Partnership Agreement, the bilateral economic relationship between India and the United Arab Emirates has witnessed significant growth across multiple sectors.

Highlighting the progress in a post on social media platform X, Goyal said the agreement has created transformational opportunities for Indian farmers, MSMEs and businesses.

He noted that bilateral merchandise trade between the two nations has crossed the $100 billion mark -- reflecting strong momentum since the agreement came into force. Services trade has also shown steady growth, helping Indian companies access new markets while enhancing value creation.

He also had a virtual interaction with UK Secretary of State for Business and Trade Peter Kyle to deepen bilateral trade and investment ties. Both leaders explored ways to enhance trade and investment ties, while fully leveraging the India‑UK Comprehensive Economic and Trade Agreement (CETA), the minister said in a social media post.

- IANS

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Reader Comments

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Priya S
As someone working in exports, I can say these FTAs have genuinely helped us. The UAE deal cut tariffs and simplified customs procedures. Our MSMEs are finally getting access to global markets. But we need more awareness campaigns - many small exporters don't even know how to leverage these agreements.
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Vikram M
The Japan connection is exciting! They're leaders in automobiles and advanced manufacturing. If we can collaborate on EV technology and semiconductors, it could be a game-changer for "Make in India". 🤞 But we need to ensure technology transfer happens, not just assembly lines.
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Ananya R
Honestly, I'm a bit skeptical. Remember how the FTA with ASEAN countries hurt our dairy and textile sectors? We need to study past mistakes. The government should publish detailed impact assessments before signing any deal. Not everything is about export numbers - domestic industries matter too.
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Rohit P
Great to see India becoming more confident in trade negotiations. The UAE deal reaching $100 billion in just 4 years shows the potential. Now if we can replicate this with UK and Japan, India could become a major hub in global supply chains. Just hope our bureaucracy doesn't slow things down. 😊
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Kavya N
What about our farmers? They're the backbone of our economy. Any FTA must ensure they're not competing with heavily subsidized foreign agriculture. The UAE deal mentioned creating opportunities for Indian farmers - I hope that translates into real income growth, not just promises.

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