Free trade agreement with the United Arab Emirates in the process of being concluded, according to the Indian minister – News
He urged industry leaders to be proactive in giving input to the government on issues such as FTA negotiations.
Indian Trade and Industry Minister Piyush Goyal told leaders of major trade and industry associations that the Free Trade Agreement (FTA) with the United Arab Emirates was “in the process of being concluded.”
Responding to the keen interest shown by Indian business leaders in advancing the negotiations, Goyal said that “the government is striving to make several early harvest agreements with the countries so that their benefits can quickly reach the industry.
He urged industry leaders to be proactive in giving input to the government on issues such as FTA negotiations. “The industry should become more demanding,” added the Minister. “Trade and industry associations should make suggestions for further decriminalizing the rules and reducing compliance burdens where possible. “
He expressed confidence in the growth of exports of services, despite travel and tourism restrictions caused by the pandemic. “Overall, economic activities are unaffected by the current outbreak of Covid-19. “
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Nineteen professional and industry associations, both national and sectoral, attended the meeting with the Minister, which was convened to exchange ideas to ensure the continuation of a rapid rebound in economic activities and high growth rates. in light of a surge in coronavirus infections.