Piyush Goyal urges Asean to remove barriers, curb misuse of FTAs
Hindustan TimesTrade minister Piyush Goyal on Friday called upon the Association of Southeast Asian Nations to do away with non-tariff barriers and curb the misuse of free trade agreements by third parties, often outside the region. I think this only results in reciprocal action from other countries, including India and will hurt the long-term desire of our leaders to expand trade between the two countries,” Goyal said at a special plenary with trade ministers of the region organized by the Confederation of Indian Industry. Goyal also called upon Asean to allow reciprocal FTA concessions to import from India to correct the trade imbalance in favour of Asean. “Despite increasing trade, we are short of the target of $200 billion that India and Asean were to achieve by 2022,” Goyal said.
History of this topic
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