Business

No rushed approach towards FTAs, assures Goyal

No rushed approach towards FTAs, assures Goyal

TIL Desk/Business/New Delhi/ Commerce Minister Piyush Goyal on Wedneday said that India will not enter into any free trade agreements (FTAs) or economic partnerships in a rush as any free trade agreement has to be a two-way benefit arrangement and a win-win for all sides.

He was speaking at a State Consultation Workshop for Make in India that among others was attended by Ministers of State for Commerce Hardeep Singh Puri and Som Parkash, and Commerce and Industry Ministers from 27 states and secretary DPIIT. According to Goyal, India is in talks with the European Union and Britain for FTAs and dialogue will begin in a few months.

He assured representatives of the states to assuage the industries and manufacturers of their region that India will enter in FTAs on its own terms and will take all measures to protect the interests of the country, the industries and ensure job creation. “India is not in a weak leadership to meet deadlines of regional FTAs,” he said.

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