Qatar, Saudi Arabia keen to negotiate trade pacts with India: Minister

FTA talks with the European Union are moving at a faster pace, he noted.

Assuring exporters at an event in New Delhi of government support to deal with current global trade uncertainties, he said New Delhi is in consultation with all stakeholders, including Indian missions abroad, for diversification of exports.

India will soon finalise an FTA with Oman, and Qatar and Saudi Arabia are also keen to negotiate such pacts, according to Commerce and Industry Minister Piyush Goyal.
FTA talks with the EU are moving at a faster pace, he noted.
Goods and services tax reforms will boost domestic consumption and exports this year will exceed that of last year, he told an event in New Delhi.

Goods and services tax (GST) reforms will boost domestic consumption and exports this year will exceed that of last year, he was cited as saying by a domestic news agency.

As India’s share in global trade is only about 2 per cent, and about two-fifths of items of the total exports to the United States are out of the ambit of the 50-per cent tariffs, so the impact on India will be less, he added.

Fibre2Fashion News Desk (DS)