Updated on Dec 06, 2019 19:05:49

 

No trade agreements in a hurry : Piyush Goyal

5 Dariyanews

5 Dariyanews

5 Dariya News

New Delhi , 05 Nov 2019

Union Minister of Commerce and Industry & Railways Piyush Goyal assured that India will never finalize any trade agreement in a hurry. During trade negotiations the focus will be  on India first said the Minister while addressing a press conference, on the decision taken by India on the Regional Comprehensive Economic Partnership (RCEP), in New Delhi  today.He said that India’s economic interests and national priorities come first and theconcerns of the farmers, dairy sector, MSMEs and domestic manufacturing will be  addressed and these sectors will be protected. Commerce and Industry Minister informed that throughout the seven year long negotiations in RCEP India has consistently stood  its ground to uphold its demands particularly over controlling trade deficit, stronger protection against unfair imports and better market opportunities for Indian goods and  services.The opening up of the Indian market must be matched by openings in areas where our businesses can benefit and India will not allow its market to become a dumping  ground for goods from other countries said the Minister.Commerce and Industry Minister further informed thatthe Free Trade Agreements (FTAs) with Japan, South Korea and  ASEAN countries are being reviewed. The review of the FTA with South Korea,which began 3 years back,is being fast tracked. He further informed that India has already secured  agreement in ASEAN for a review of the FTA and a Joint Working Group (JWG) is discussing the issues to be addressed in Japan FTA. Replying to questions Commerce and  Industry Minister informed that at present India is exploring trade agreements with the USA and European Union, where Indian industry and services will be competitive and  benefit from access to large developed markets.

 

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