New Delhi: Commerce and industry minister Piyush Goyal said on Wednesday that free trade agreements (FTAs) will help domestic farmers with greater market access in. Australia, UAE, UK and EFTA countries.“We have reduced non-trade barriers for our farmers…We are doing FTAs with developed markets…Australia, UAE, EFTA, UK…through these agreements, we have opened up new markets for our agricultural sector,” he said. In another event, the minister stated that India must ensure supply chain resilience, asserting that if one country halted the import of fertilisers, India should not suddenly be in trouble. This statement comes at a time of global supply disruptions in fertilisers as China has put curbs on exports of urea and di-ammonium phosphate (DAP) fertilisers. The minister spoke on strengthening the entire ecosystem – seeds, fertilisers, insecticides, and pesticides.
Trending
- India-US talks: Experts urge caution on trade pact; ‘hasty deal under pressure’ could backfire
- Crypto cold war heats up: As Pakistan, Bhutan, and US go all in, where does India stand? Report reveals how the world is weaponising blockchain
- USPS stamp hike: First class Forever stamps price hike; will cost 78 cents from July 13
- Relaxed emission norms for thermal generation to reduce power costs
- UPI revolution: Surpasses Visa with 650 million daily transactions; ‘leading the digital payment revolution!’ says Amitabh Kant
- Gold market outlook: Prices to stay firm next week; risk aversion, weak dollar to fuel gains
- Syria-DPWorld deal: $800 million Tartus port pact signed; post-Assad regime eyes post-war reconstruction
- EU-Indonesia deal: ‘Political agreement’ sealed; free trade pact to be finalised by September
- The chip race: US opens tech gates for China; Should Indian companies worry?
- US-EU tariff tensions: EU extends suspension of countermeasures to August; Germany urges ‘serious, solution-oriented negotiations’