Goyal says India negotiating FTAs with 8-9 more blocs, aims to cover 75 pc of global trade

TOKYO: (Aug 24) India is in negotiations with at least 8-9 more groups of countries and individual nations that together account for another USD 15 trillion of GDP, Commerce and Industry Minister Piyush Goyal said on Monday.

He added that the country’s free trade agreements would eventually cover about 75 per cent of global trade and help position India as a trusted partner in global value chains.

India has a large domestic market and it opens its doors to the world with nine free trade agreements signed in the last four years, he said here while addressing business representatives from India and Japan.