Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Few 'ticklist' issues to resolve for India-UK free trade agreement: Piyush Goyal.
Jan 09, 2024
The India-UK free-trade agreement (FTA) has a 'few ticklist issues' that need to be sorted out, Union Minister for Commerce Piyush Goyal told reporters at a press briefing on Monday in Chennai.
'The EU (FTA) being 27 countries will take more time (but) the UK can be done quickly but there are a few ticklist issues,' he said.
According to the government, India-UK free trade agreement talks completed 13 rounds of negotiations that took place from 18 September to 15 December. The fourteenth round of negotiations are expected to begin this month.
When asked for a timeline, Goyal said that one can never put a deadline to an FTA.
'You have to look at 50 years, you have to crystal gaze into the future, carefully analyse and assess and never do an FTA in a hurry,' he said. 'Do it smart. That doesn't mean you cannot do it fast. You can do it smart and fast, but don't do it in a hurry till you are very sure about all your data, all your inputs, your protections, your offensive interests, your defensive interests.'
Goyal said that other countries too such as Oman, Peru and Chile were also courting India to sign an FTA but the minister said that currently India did not have the bandwidth to take these on at the moment.
'If I talk to any foreign minister, the first thing they say is we want to do an FTA,' he said. 'Russia also wants to do an FTA. So everybody wants to do an FTA with us.'
The minister also spoke about how he felt 'scorching growth' in exports was not sustainable and that he told his team that they should be modest in their expectations and give it time to cool off.
'In only two years, (exports have gone) from $500 billion to $776 billion,' he explained. 'It is 55% growth in only two years. Such scorching growth is not possible to continuously sustain. You need to cool off, you need to stabilize your numbers, you need to stabilize your supply side.'He said that this year, a lot of commodity prices fell, including petroleum and hence some element of the fall in India's exports is also due to commodity prices. However, he said this has been made up with other value-added products like smartphones.
'This year we had at least $5-6 billion worth of (exports in) smartphones,' he said. 'Apple alone will be $5 billion of exports, probably by the end of the year. So, in terms of foreign trade, we are doing very well.'
economictimes.indiatimes.com
Archive