economy
Piyush Goyal says India negotiating FTAs with 8 to 9 more blocs, aims to cover 75% of global trade
He added that the country's free trade agreements would eventually cover about 75% of global trade and help position India as a trusted partner in global value chains
Context
Commerce and Industry Minister Piyush Goyal announced that India is actively negotiating Free Trade Agreements (FTAs) with 8 to 9 more blocs and nations, aiming to integrate into global value chains by covering 75% of global trade. India has recently expanded its preferential market access by signing nine FTAs, covering economies worth $60 trillion, complementing earlier pacts with Japan, Korea, and . The minister emphasized opportunities for investment in India, particularly in data centers, manufacturing, and artificial intelligence, while addressing business representatives in Japan.
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