[INDIAN ECONOMIC NEWS] Good morning everyone I am  Rumi Dhar from Kama Group.
Here I have important INDIAN economic news to share with you which is as mentioned
below.

India will be launching negotiations for a free trade agreement (FTA) with a region next week,
Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that negotiations
are going on with countries, including the UK, European Union, Canada and Israel.

"Next week, we will be launching one more very important FTA," Goyal said here at a function
of consumer electronics.

Though the minister did not disclose the name of the region, there is a likelihood that the
talks may start with the Gulf Cooperation Council (GCC) as the region was keen to increase
economic engagement with India.

GCC is a union of six countries in the Gulf region -- Saudi Arabia, UAE, Qatar, Kuwait, Oman
and Bahrain.

In a free trade agreement, two countries or regions either significantly reduce or eliminate
customs duties on a maximum number of goods traded between them. Besides, they also
ease norms to promote trade and investments.

Goyal said that the world sees huge opportunities in India and that is the reason for
increasing engagement with India.



Read more at:
https://economictimes.indiatimes.com/news/economy/foreign-trade/india-to-start-talks-for-new-fta-next-week-piyush-goyal/articleshow/95564320.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

KAMA GROUP
New Delhi
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