Key Points

Piyush Goyal emphasized how the India-UK trade deal will create new opportunities for Indian farmers, artisans, and small businesses. The agreement aims to enhance the global competitiveness of Indian products while ensuring better market access. PM Modi’s leadership was pivotal in finalizing the historic deal, with strong bilateral talks with UK PM Keir Starmer. The FTA is expected to drive job growth and elevate India’s economic presence in the UK.

Key Points: Piyush Goyal Highlights India-UK FTA Benefits for Farmers and MSMEs

  • India-UK FTA to expand market access for Indian goods
  • Farmers and artisans to benefit from global exposure
  • MSMEs gain competitive edge in UK market
  • Modi-Starmer talks strengthen bilateral economic ties
2 min read

Piyush Goyal shares insights on UK FTA - a booster for farmers, artisans and MSMEs

Piyush Goyal explains how the India-UK trade deal will empower farmers, artisans, and MSMEs while boosting exports and job creation.

"The landmark India-UK CETA is a stellar example of how New India does business. – Piyush Goyal"

New Delhi, July 25

The Prime Minister’s Office (PMO) on Friday underscored the significance of the historic India-UK Comprehensive Economic and Trade Agreement (CETA), citing insights shared by Union Minister for Commerce and Industry Piyush Goyal in an article.

Goyal's remarks on social media platform X were reposted by the PMO, which added that the agreement will be crucial in empowering Indian small businesses, farmers, and artisans.

Goyal's article elaborates on how the Free Trade Agreement (FTA) will benefit different stakeholders throughout India, guaranteeing consumers access to high-quality products at competitive prices while expanding the global reach of Indian goods and services.

Sharing the article on X, Goyal wrote, “ The landmark India-UK Comprehensive Economic and Trade Agreement (CETA) is a stellar example of how New India does business."

"On the signing of the historic India-UK FTA under the dynamic leadership of PM Narendra Modi, I write about how this deal will significantly boost market access and enhance the competitive edge of Indian products and services in the UK, leading to greater job creation," the Minister posted.

"By empowering our farmers, fisherfolk, MSMEs, service professionals, artisans, etc, this comprehensive trade deal will open new doors, enabling Indian goods, powered by quality and excellence, to achieve greater success in the UK market," the Minister further added.

Goyal added that the comprehensive trade agreement will strengthen the position of premium Indian goods and services in the international market by creating new opportunities for Indian products in the UK.

PM Modi's visit to the UK will be remembered for years to come, the Commerce Minister said.

He pointed out that in a brief period of time, PM Modi and British Prime Minister Keir Starmer had held a number of significant talks that laid the groundwork for a deeper bilateral economic partnership.

- IANS

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Reader Comments

S
Sarah B
As someone who works with Indian textiles, I'm cautiously optimistic. The UK market has strict quality standards - hope our MSMEs get adequate support to meet these requirements. The deal sounds promising but execution will be key.
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Rohit P
Great move by Modi government! But I hope they don't forget about protecting our dairy farmers. UK's dairy industry is highly subsidized - we need safeguards against dumping of cheap milk products that could hurt our local farmers.
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Priya S
Finally some good news for our handicraft sector! My mother runs a small pottery business in Jaipur - this could be life-changing for artisans like her. Hope the government provides proper training on export procedures and documentation.
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Michael C
While the enthusiasm is understandable, I hope the negotiations included proper IP protections. UK companies have a history of appropriating traditional Indian knowledge and products without fair compensation. The details matter here.
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Kavya N
As a small business owner in Chennai, I'm excited but also nervous. Exporting to UK means dealing with complex regulations. Hope the Commerce Ministry sets up proper handholding mechanisms for first-time exporters like us 🤞

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