1 hr ago
India Expands Trade Talks to Empower MSMEs, Goyal Says
Piyush Goyal said India is working on trade arrangements with several countries and groups.
He said the goal is to help India's small businesses, called MSMEs.
He said the UK process began on July 15, and a UK minister was expected to meet Indian officials.
He also said Canada wanted talks to move faster.
Goyal described arrangements with the UAE and Oman as done.
He said negotiations had begun with the six Gulf Cooperation Council countries as a group.
India was also talking with Israel, Chile and Central Asian countries.
He said talks with Mexico were expected to begin the following week.
Piyush Goyal said India is expanding trade ties to empower MSMEs.
He said the UK process began on July 15 and a UK minister was expected for a Joint Economic Commission meeting.
Goyal described the UAE and Oman arrangements as done and said the six GCC countries had launched group negotiations.
He said Canada was moving rapidly and wanted India to hurry up.
He said talks were underway with Israel, Chile and Central Asian countries, with Mexico talks due to launch the following week.
- Who
- Indian Commerce and Industry Minister Piyush Goyal described trade negotiations involving India and multiple partners.
- What
- India is pursuing or advancing trade arrangements with several countries and groups, with the stated aim of empowering MSMEs.
- Where
- India and its trade partners, including the United Kingdom, Canada, the UAE, Oman, the Gulf Cooperation Council, Israel, Chile, Mexico and Central Asian countries.
- When
- Goyal said the UK process began on July 15; he also referred to meetings and negotiations expected in the following days and weeks. The excerpt gives no year.
- Why
- Goyal said expanding global trade ties is intended to empower MSMEs.
Key facts
- Speaker
- Piyush Goyal
- Stated goal
- Expand global trade ties to empower micro, small and medium enterprises (MSMEs)
- United Kingdom
- Goyal said the process started on July 15 and a UK minister was expected for a Joint Economic Commission meeting.
- Canada
- Goyal said Canada was eager to accelerate progress and that talks were moving forward rapidly.
- UAE and Oman
- Goyal described these trade arrangements as done.
- Gulf Cooperation Council
- Negotiations have launched with the six-member group for a free trade agreement.
- Other talks
- Goyal said discussions were underway with Israel, Chile and Central Asian countries, while talks with Mexico were due to launch the following week.
Quotes
Piyush Goyal
Indian politician and trade minister quoted in the headline
“Talks are going on with Israel; talks are going on with Chile. With Mexico, it will launch next week. Canada is moving forward rapidly. Eurasia, these Central Asian countries, talks are going on with them.”
timesnownews.com
“The UAE and Oman are done; the remaining four Gulf countries, the GCC, have launched negotiations. All six of them as a group want to do a GCC FTA.”
timesnownews.com
Sources
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