Home |Sitemap |FAQs |Contact Us
Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
Piyush Goyal asks industry to study FTAs, identify areas of competitive edge.
Aug 08, 2022

Commerce and industry minister Piyush Goyal on Friday asked industry to study India's free trade agreements (FTA), identify the areas that have competitive advantage and be ready to take on global competition at a meeting with export promotion councils.
 
Exporters raised the issue of losing out the benefit of Generalised System of Preferences (GSP) for export of plastics, leather, stones and machinery to the EU from January 1, 2023, along with high inventory in developed markets and low offtake by buyers that could lead to further slowdown in export especially November onwards.
 
'The minister stated that the ball is in our court and we have to be ready to take on global competition. He said that government is doing its best through various measures to support Indian exporters to compete globally,' the commerce and industry ministry said in a statement quoting Goyal.
 
The government is also negotiating more FTAs with important trade partners and this will have a direct impact in providing a level playing field in international markets, Goyal added.
 
'He emphasized that everybody would have to work hard to achieve true potential of India in terms of global trade,' the ministry said.
 
As per a government official who attended the meeting, the minister asked industry to become competitive and not depend on subsidies.
    
economictimes.indiatimes.com

Archive
 

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

  • Agricultural and Processed Food Products Export Development Authority (APEDA)
    (Ministry of Commerce & Industry, Govt. of India)

  • NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
    Phone : 91-11-41486013, 20863919, 20867008, 20867007