Piyush Goyal: FTAs cannot be signed in haste
Piyush Goyal, Commerce and industry minister, Free Trade Agreements cannot be signed in haste. India is now gearing up to sign trade pacts with some countries in the coming months.
New
Delhi
Piyush Goyal, Commerce and industry
minister, Free Trade Agreements cannot be signed in haste. India is now gearing
up to sign trade pacts with some countries in the coming months.
He also said that under the guidance of the
Prime Minister of the country, the sector is going down deep into FTAs so that
they do not harm any other established sector of the country. He feels that
India should get benefits and there should be reciprocity. He added that the
country shouldn’t reach a point where only one market is open and not the other
way round.
Goyal further said that in the past, India has
faced the consequences of signing an FTA in haste. So, there is a reason why
India opted out of RCEP.
Source – Business Standard
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