FTAs will be signed only after consultation with all stakeholders: Goyal

Amid speculation about the possible delay of the India-UK FTA, Trade Secretary Piyush Goyal on Friday said that free trade agreements (FTAs) will only be concluded after thorough consultations with all Neither the stakeholders nor the government will leave this approach “for the sake of deadlines”.

BVR Trade Minister Subrahmanyam last month said negotiations for a proposed free trade agreement between India and the UK are in the final stages and the Diwali deadline i.e. October cannot be missed.

“Today, Minister of Trade and Industry Piyush Goyal said that India will give top priority to national interests in the FTA negotiations. The FTAs ​​will be concluded after thorough consultation with all stakeholders including industry and the government will not leave this approach for the sake of deadlines,” the Commerce Department said in An announcement.

Earlier, UK Home Secretary Suella Braverman, when referring to the FTA with India, expressed concern about having an open border migration policy. The Mint has reported that India is seeking more access to its professionals in the UK services sector.

The FTA agreement between India and the UK is expected to boost the domestic textile industry as it will help access duty-free goods, putting it on par with well-known textile exporters such as Bangladesh, Sri Lanka and Cambodia. .

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