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Analytical Report on FTAs
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Comparative Report On APEDA Products
Comparative Report On Principal Commodities
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Foreign Trade Policy 2023-28
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
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Trade partners want to fast-track FTAs with India: Goyal.
May 26, 2023
The countries and economic blocks with which India is negotiating trade and economic agreements want to fast-track negotiations and reach a conclusion, commerce and industry minister Piyush Goyal said Wednesday. 'Everybody wants us to fast-track agreements. Free-trade part is separate. They want an agreement…,' he said at a CII’s Annual Conference.
India is at present negotiating such agreements with Canada, EFTA (European Free Trade Association), the UK, and the European Union (EU) among others.
'It shows the increased importance of India in the global order,' the minister said. 'We have to choose whether we are going to be bold, whether we are going to engage with confidence or are going to let this opportunity go by,' he said.
'FTAs are two way traffic… I feel very sad when I am being told sometimes that I (industry) want access to the EU market, but please do not allow them to come into our market.'
Goyal said that no other developing country in the world is in such a 'sweet spot' as India is.
'I believe this is a compelling case for investments, for growth and for expanding our international outreach, for bringing technology, for bringing innovation into the country,' he said, suggesting the industry should focus on quality, innovation and skilled manpower.
On exports, the minister said that India will achieve $2 trillion worth of goods and services exports by 2030.
He suggested the industry expand markets with an open mind, and engage with the world.
'Look at our import basket, the basket largely gets affected by oil, which will have its own trajectory, possibly a lowering trajectory or a downward trend in the years to come. Our export basket has all the things that the world wants,' he said.
He said the India has strong foreign exchange reserves and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years.
India’s forex reserves jumped $3.553 billion to $599.529 billion for the week ended May 12, according to data released by the Reserve Bank of India.
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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