India to review free trade agreements: minister

03 Jan '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

India will review all existing free trade agreements (FTAs) with different countries to protect interest of industry and traders, according to commerce and industry minister Piyush Goyal, who recently said though FTAs with many countries and the Association of Southeast Asian Nations (ASEAN) provided duty free access to Indian markets, domestic goods face barriers there.

These unfair pacts did not benefitted Indian traders and industry, he said addressing domestic traders, according to a news agency report.

He added that India also decided to walk out from the Regional Comprehensive Economic Partnership (RCEP) agreement keeping in view the interest of small traders and dairy industry.

Fibre2Fashion News Desk (DS)

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