India is prioritizing core trade issues such as tariffs and non-tariff barriers in its Free Trade Agreement (FTA) negotiations to accelerate discussions and achieve faster economic outcomes. Commerce Secretary Sunil Barthwal emphasized this approach to maintain business interest and double India-Latin America and Caribbean (LAC) trade from USD 50 billion to USD 100 billion in the coming years.
India is streamlining its Free Trade Agreement (FTA) negotiations by focusing on core trade issues, such as import duties and non-tariff barriers, to expedite discussions and yield quicker economic benefits. Commerce Secretary Sunil Barthwal highlighted the importance of this approach to maintain business engagement and avoid delays in trade agreements.
Barthwal pointed out that prolonged negotiations often result in a loss of business interest. To counter this, India aims to prioritize key trade aspects that can provide early results. The government is also working towards doubling its trade with the Latin America and Caribbean (LAC) region, targeting an increase from USD 50 billion to USD 100 billion in the coming years.
By addressing fundamental trade concerns upfront, we can accelerate the conclusion of FTAs and ensure businesses remain engaged in the process.”
Sunil Barthwal, Commerce Secretary of India
India has been actively negotiating FTAs with multiple countries and economic blocs to enhance global trade relations. These agreements play a crucial role in reducing trade restrictions, fostering economic cooperation, and expanding market access for Indian exporters.
The focus on core trade issues aligns with India’s broader economic strategy to boost exports, attract investments, and solidify its position in global trade networks. The government remains committed to resolving tariff-related challenges and addressing regulatory barriers that hinder smooth trade flows.
With multiple FTAs currently under negotiation, India’s refined approach is expected to bring more efficiency to the process and strengthen trade partnerships across various regions. As discussions progress, businesses anticipate greater clarity and improved access to international markets, reinforcing India’s role as a key global trade player.
