New Delhi: Minister of State for Commerce and Industry Jitin Prasada on Friday expressed confidence that India would soon sign free trade agreements with the 27-nation European Union bloc, New Zealand and Oman. Addressing the inauguration of the India International Trade Fair, he said the commerce ministry was signing free trade agreements with various countries across the world.
“You will be happy to see that India today speaks on an equal footing with major developed countries. The days when we spoke under pressure (Woh Zamaane Lad Gaye Jab Hum Dab ke Baat Karte The) are over,” the minister said.
Referring to the free trade agreements signed with various nations, he said, “(Detailed negotiations are underway with the European Union, New Zealand and Oman. I am fully confident that very soon we will also sign FTAs with them as well) The European Union, New Zealand and Oman se vistrit charcha ho rahi hai aur jaldi se jaldi mujhe Poora vishwas hai ki wahan se bhi hum free trade agreement kar lenge”.
“You will be happy to see that India today speaks on an equal footing with major developed countries. The days when we spoke under pressure (Woh Zamaane Lad Gaye Jab Hum Dab ke Baat Karte The) are over,” the minister said.
Referring to the free trade agreements signed with various nations, he said, “(Detailed negotiations are underway with the European Union, New Zealand and Oman. I am fully confident that very soon we will also sign FTAs with them as well) The European Union, New Zealand and Oman se vistrit charcha ho rahi hai aur jaldi se jaldi mujhe Poora vishwas hai ki wahan se bhi hum free trade agreement kar lenge”.
India has already signed FTAs with several countries, including the United Arab Emirates, Australia and the four-nation European bloc, EFTA.
In August, the government had announced that negotiations for a comprehensive free trade agreement (FTA) between India and Oman, which would help boost bilateral trade and investment, had been concluded. Negotiations are also underway between India and the EU for a proposed FTA, and separately between India and New Zealand for a trade agreement.
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