According to Piyush Goyal, union minister for commerce and industry, textiles and consumer affairs, food and public distribution, countries are now eager to negotiate free trade agreements with India after first not taking them seriously.
According to the minister, the globe now recognises India as a reliable trading partner.
The Free Trade Agreement between the UK and Canada made good progress. Similar to this, he anticipated increased involvement and bilateral commerce with the US. Gina Raimondo, the US secretary of commerce, will head a group visiting India on March 8, according to Goyal. Goyal advised the Indian sector to support homegrown businesses instead of relying on the “opium” of cheap, low-quality Chinese imports. China’s trade balance is negative.
