Tuesday , December 24 2024

FTA with Oman-UK included in the agenda of Commerce Ministry

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India's proposed free trade agreement (FTA) with Britain and Oman may figure in the commerce ministry's 100-day agenda under the new government at the Centre, a top official said. The ministry will also focus on issues related to the exporting community to increase exports from the country. Negotiations between India and Australia for a Comprehensive Economic Cooperation Agreement (CECA) to expand the scope of the existing Economic Cooperation and Trade Agreement (ECTA) are also progressing at a good pace. This exercise is so important that on March 17, Prime Minister Narendra Modi chaired the Union Cabinet meeting and asked ministers, along with secretaries and other officials of their respective ministries, to discuss how to improve the situation in the first 100 days and next five days of the new government. Go, asked to discuss it. Agenda of the year. can be applied.

Most serious issues close to settlement: Officials

Giving information about this, an official said that most of the difficult issues in the FTA talks between India and Britain are moving towards resolution and both the sides are actively working towards a fair and equitable solution. India and Britain started negotiations for FTA in January, 2022.