Negotiations on Free Trade Agreement with UK progressing at a brisk pace: Piyush Goyal

Hello people, hope so you all are fabulous. If you have come on this webpost then definitely you are going to read the news. Do you know that “elbonline.com” is one of the best news websites where you can read news and stay updated about the affairs that are happening around the world. Right now, you get the content on our site related to trending affairs or stories. Being updated about the world is the best thing. You also have to be updated on each and everything that you do from morning to evening. Now, if we talk about news or trending stories, then you should watch or read news about trending topics. There are two benefits of reading or watching news- one is you will have the knowledge about every affairs and second one is if you are an aspirant of government examinations then you can read editorials and current affairs. In government examinations, lots of questions are asked in the section of general knowledge. If you have the knowledge then you can get good marks in the GK section. Many students prepares GK section well and score good marks. By scoring good marks in the general knowledge section, you have to put less effort in the remaining sections. Here on this website, you can read trending topics and later on we will try to add some categories for you. So that you get different categories of content on one website.

India has signed a trade pact with the UAE in a “record” time and “now our talks with the U. K. is moving at a faster pace”, Piyush Goyal said.

India has signed a trade pact with the UAE in a “record” time and “now our talks with the U. K. is moving at a faster pace”, Piyush Goyal said.

Negotiations for the proposed free trade agreement between India and the U. K. is progressing at a faster pace, Commerce and Industry Minister Piyush Goyal said on August 9. The agreement is aimed at boosting bilateral trade and investments between the two countries.

India has signed a trade pact with the UAE in a “record” time and “now our talks with the U. K. is moving at a faster pace”, Mr. Goyal said.

In such pacts, two or more countries significantly reduce or eliminate customs duties on maximum number of goods traded between them. Besides, they ease norms for promoting trade in goods and investments. In January, India and the U. K. formally launched talks for a free trade agreement. They have set the deadline for concluding talks by Deepavali.

India is also negotiating similar pacts with Canada, European Union (EU) and Israel, he said, adding that several other nations have shown keen interest in negotiating trade agreements with India.

The Gulf Cooperation Council (GCC), Eurasian Economic Union (EAEU) and European Free Trade Association (EFTA) want to negotiate these pacts, he said.

However, he added that the Commerce Ministry does not have enough resources to simultaneously negotiate free trade pact with more nations.

GCC is a union of six countries in the Gulf region, namely, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. EFTA members are Switzerland, Norway, Iceland and Liechtenstein. Five-nation EAEU comprises Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. The Minister was speaking at Vyapari Udyami Sammelan in New Delhi.

He asked the domestic traders body to focus on quality of products and work in a unity. Mr. Goyal informed that the government is taking steps to reduce compliance burden. About 30,000 rules have either simplified or removed to ease compliance burden.

Source link

Hey guys, hope you read the content. I am feeling so blessed you have come on this website for reading trending Stories, recent Stories, etc. Stay connected with us and visit our website regularly for regular updates. You can also subscribe to our newsletter for email notification. Thank You guys for visiting our website. If you like the content of this website then don’t forget to tell your friends about this website. Don’t forget to subscribe our newsletter.

Leave a Reply

Your email address will not be published.

%d bloggers like this: