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Commerce Ministry to review existing free trade agreements: Piyush Goyal

Goyal said that FTAs with countries like Japan, South Korea, and Asean provided duty-free access to Indian markets, but domestic goods face barriers in these countries.

Pune: Union Minister Piyush Goyal addresses a press conference in Pune, Friday, Oct. 18, 2019. (PTI Photo)(
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Press Trust of India New Delhi
Commerce and Industry Minister Piyush Goyal on Monday said his ministry will review all existing free trade agreements (FTAs) with different countries to protect interest of industry and traders.
 
Addressing domestic traders here, he said India also decided to walk out from the Regional Comprehensive Economic Partnership agreement, keeping in view the interest of small traders and dairy industry.
 
Goyal said that FTAs with countries like Japan, South Korea, and Asean provided duty-free access to Indian markets, but domestic goods face barriers in these countries.
 
These unfair pacts did not benefited Indian traders and industry, he said.

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First Published: Dec 31 2019 | 2:58 AM IST

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