Free trade agreements (FTAs) with developed markets such as Australia, UAE and UK will provide greater market access for the domestic agri sector, Commerce and Industry Minister Piyush Goyal said on Wednesday.
He said that despite the global slowdown, India's agriculture, animal husbandry and fishery exports stood at Rs 4 lakh crore.
"We are doing FTAs with developed markets...Australia, UAE, EFTA, UK...through these agreements, we have opened up new markets for our agri sector," Goyal said here at an event.
India implemented trade pacts with Australia and the UAE in 2022. FTA with the four-nation European bloc, EFTA, was signed in March 2024, and it is expected to be implemented later this year.
The trade pact with the UK was announced in May. It is likely to be signed soon.
The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
He said that despite the global slowdown, India's agriculture, animal husbandry and fishery exports stood at Rs 4 lakh crore.
"We are doing FTAs with developed markets...Australia, UAE, EFTA, UK...through these agreements, we have opened up new markets for our agri sector," Goyal said here at an event.
India implemented trade pacts with Australia and the UAE in 2022. FTA with the four-nation European bloc, EFTA, was signed in March 2024, and it is expected to be implemented later this year.
The trade pact with the UK was announced in May. It is likely to be signed soon.
The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
You may also like
Novak Djokovic surprised by Queen Camilla comment as pair share private Wimbledon chat
Wimbledon fans left outraged as Hugh Grant falls asleep in Royal Box during match
AIFF Referees Gear Up for 2025-26 Season with Rigorous Fitness Tests
Strengthening Indian Boxing: Centralized Training for Global Success
ED Searches At Probo Premises, Attaches Assets Worth INR 284 Cr
