• UGI USER
  • Mar 30, 2024
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WILL SEAL FTAS ON OUR TERMS, SAYS PIYUSH GOYAL

Why in the news?

Piyush Goyal emphasises negotiating FTAs on India’s terms. Plans local development initiatives and improving public education.

source:slideserve

About the Negotiating FTAs:

  • Piyush Goyal emphasises negotiating FTAs on India’s terms, leveraging the country’s growing economy.
  • Highlights the importance of long-term sustainability and protecting domestic interests.
  • Stresses the need for transparency and balancing various significant issues in FTA negotiations.
About Free Trade Agreement (FTA):

●   FTA: Reduces or eliminates trade barriers between countries or regional blocks.

●   Covers goods, services, investment, intellectual property, and more.

●   Opposes trade protectionism.

●   Types: Preferential Trade Agreement, CECA, CEPA.