Businesses should give useful inputs for FTA negotiations

What is the news?  Recently, the Commerce Ministry said that the negotiations for India-UK Free Trade Agreement (FTA) will commence from November this year. The governments in both the countries are eager to conclude an interim agreement quickly, but the businesses are yet to warm up to the idea. What are the findings of the study published by… Continue reading Businesses should give useful inputs for FTA negotiations

India’s revamped FTA strategy

Synopsis: Early Harvest Schemes (EHS) as an FTA strategy is misaligned with India’s immediate requirement of an employment-promoting trade policy. Introduction Recent statements from the commerce ministry have indicated that India is going to revamp its Free Trade Agreement (FTA) strategy and that FTA negotiations would be expedited towards early conclusion. The revamped FTA strategy… Continue reading India’s revamped FTA strategy

India’s ‘early harvest’ trade deals could run into trouble

Synopsis: India should be mindful of legal requirements of arriving at an “early harvest” trade deal before signing a full FTA. Introduction India wishes to fast-track its free trade agreement (FTA) negotiations with several countries like the UK, Australia, the European Union, and Canada. It is keen to conclude an “early harvest” trade deal with… Continue reading India’s ‘early harvest’ trade deals could run into trouble

India, UK aim to launch FTA negotiations by November 1

What is the News? India and the UK are planning to begin the negotiations on a Free Trade Agreement(FTA) by November 2021. About India-UK FTA India and the UK are planning to sign an interim trade deal by March 2022 which will be followed by a comprehensive Free Trade Agreement(FTA). The interim trade pact would… Continue reading India, UK aim to launch FTA negotiations by November 1

Govt-industry talks on proposed FTAs with EU-Australia at premature stage

Synopsis: FTAs are important for boosting exports and India should try to take a step in the right direction by signing mini trade deals. Introduction According to sources from Industries, discussions with the government regarding proposed trade deals with the United Arab Emirates (UAE) and the United Kingdom (UK) have already kicked off. India hopes… Continue reading Govt-industry talks on proposed FTAs with EU-Australia at premature stage

India pivot from Look east to trade West

Source: LiveMint Relevance: To understand India’s Free Trade Agreements (FTA) Synopsis: India has signed numerous FTA’s, but they have not yielded expected results. As India embarks on a new spree to sign new trade deals, India needs to do its homework very well. Introduction India recently backed from Regional Comprehensive Economic partnership (RCEP). Probable causes include: Widening… Continue reading India pivot from Look east to trade West

Lower costs, ink FTAs to push exports: CEO panel

Source: TOI What is the news? The Steering Committee for Advancing Local Value-Add and Exports (SCALE committee), comprising top Indian CEOs, has argued that India’s proposed free trade agreements (FTAs) could help push exports of auto components and textiles. Must Read: Free Trade Agreements (FTAs): Challenges & opportunities – Explained, pointwise Key suggestions The panel… Continue reading Lower costs, ink FTAs to push exports: CEO panel

India must negotiate well on free trade pacts: Experts

Source: Business Standard Relevance: Negotiating Free Trade Agreement (FTA’s) Synopsis: India is on the verge of signing FTA’s with some important nations. Let’s have a brief look at the subject. Context: Recently, commerce and industry minister Piyush Goyal had said that India is at a ‘positive momentum’ with respect to inking trade deals with the… Continue reading India must negotiate well on free trade pacts: Experts

Free Trade Agreements (FTAs): Challenges & opportunities – Explained, pointwise

For 7PM Editorial archives, click HERE → Introduction The government seems to be resetting its position on trade policy. The Union commerce secretary recently said India would fast-track free trade agreements (FTAs) as the country needs to engage with the rest of the world. Since the world is moving towards bilateral and regional trade arrangements, such deals… Continue reading Free Trade Agreements (FTAs): Challenges & opportunities – Explained, pointwise

Welcome rethink on FTAs

Source: Business Standard Relevance: Significance of International trade to Indian Economy Synopsis: Increasing exports is important criteria for India’s sustained economic growth in the future. Context The government seems to be resetting its position on trade policy. The Union commerce secretary recently said that India would fast-track free trade agreements (FTAs) as the country needed… Continue reading Welcome rethink on FTAs