Goyal Eyes Export Growth Through Better Use of Trade Agreements
What Happened
Commerce Minister Piyush Goyal called for a nationwide campaign to increase the use of India’s Free Trade Agreements (FTAs), urging states, industry bodies and exporters to help businesses tap preferential access to global markets. He said India’s nine FTAs cover economies worth about $60 trillion and provide access to nearly two-thirds of global trade.
Key Takeaways
The government wants more MSMEs and first-time exporters to leverage FTAs to expand overseas sales, helping India move closer to its $1 trillion export target and strengthen its share in global trade.