 "India in FTA talks with EU, US, Chile and Peru, says Piyush Goyal")
India is negotiating free trade agreements with several countries, including the European Union, the US, Chile and Peru, Commerce and Industry Minister Piyush Goyal said on Saturday.
Commerce and Industry Minister Piyush Goyal on Saturday said India is engaged in free trade agreement (FTA) negotiations with several countries, including the European Union, the United States, Chile and Peru.
Speaking at the Entrepreneur and Traders Leadership Summit, Goyal said that the world is increasingly looking towards India, with many advanced economies in active discussions for trade pacts.
”Subah ke samay Australia aur Japan me daftar khul jaate hain, doopahar ka samay hota hai toh Europe khul jata hai, shaam ke samay hota hai toh America se baat-chhit shuru ho jati hai…Peru, Chile se baat chhit shuru ho jati hai (In the morning, offices open in Australia and Japan; by afternoon, Europe is active; in the evening, discussions begin with the US…and with Peru and Chile),” he said.
The minister was addressing the Entrepreneur and Traders Leadership Summit here.
India and the US have been negotiating a bilateral trade agreement (BTA) since March. So far, five rounds of talks have been completed. The US has deferred its visit for the sixth round of talks in India. It assumes significance as the US has imposed a hefty 50 per cent tariff on Indian goods, starting from August 27.
At present, a 25 per cent duty is in place.
With inputs from agencies
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