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India forging enhanced trade alliances with countries like UAE, EU, UK, Israel, Australia, Canada, Russia, Oman and the GCC- Shri Piyush Goyal.
Dec 15, 2021

India forging enhanced trade alliances with countries like UAE, EU, UK, Israel, Australia, Canada, Russia, Oman and the GCC- Shri Piyush Goyal.
 
The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today called upon fellow Ministers of neighbouring countries to work together to transform the subcontinent. He was addressing the 'CII: Partnership Summit -Ministerial Meeting' virtually from New Delhi today. 
 
The Minister called for enhancing India’s economic ties with the nations of the Southern African Customs Union which consists of Botswana, Namibia, South Africa, Swaziland and Lesotho. He said that India is looking for FTAs with like-minded nations with transparency and mutual benefit and growth as key pillars.  He added that India is also reviewing existing FTAs with ASEAN, Japan, Korea to strengthen them and forging enhanced trade alliances with countries like UAE, EU, UK, Israel, Australia, Canada, Russia, Oman and the GCC.   
 
Shri Goyal said that during COVID-19 pandemic, India has emerged as a source of resilience and a trusted Partner and added that we had tried to the best of our ability to meet all our international service commitments. 
 
He said that during the course of the pandemic, India had not only become self-sufficient in production of critical medical supplies, PPEs, testing kits, masks etc. but had also supplied these necessities to nations in need. He highlighted India’s one-of-its-kind vaccination drive, through which 1.3 bn doses of vaccine have already been administered. 
 
The Minister also assured that India would continue helping nations in need as we intrinsically believed in brotherhood, partnership and the need to work together to solve problems collectively. He added that India had focussed on its neighbourhood during the pandemic and stood ready to support all its friends with vaccines and medical supplies. 
 
Pointing out that India’s voice was visible in the G20 declaration this year, which successfully amplified the voice of the developing countries of the world, the Minister said that the world is acknowledging India’s leadership. 
 
Shri Goyal said that Indian economy has recovered sharply and added that the rising economic indicators point towards ‘an India shaping up for a growth decade’. The Minister said that India had seen a GDP growth of 8.4% in Q2, high exports, high FDI and large amounts of investments being done by Indian companies in other nations, he urged the Ministers to invite Indian companies to invest in their economies and help create jobs. 
 
    
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