India's fast progressing in FTA discussions with UK, UAE, Canada, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal, while addressing the JITO Trade Mahakumbh, said that India was making fast progress in discussions on free trade agreements with multiple countries.

The countries include the UK and the UAE, Goyal said, while stressing that these deal would further enhance trade and investment ties between the countries.

The minister added that India was only dealing with countries that it believed would provide a fair deal and reciprocal benefits.


"We are fast progressing in our discussions with the UK, with the UAE and other GCC (Gulf Cooperation Council) countries. Canada and Australia are really on a fast track," Goyal said.

The world is looking for a trusted partner and India's business community will fulfil that need, the minister said, adding that recent discussions with the USA's Charge'd Affairs in Delhi, Atul Keshap, have led to an agreement that both countries will aim for a $500-billion in trade between them.

With inputs from PTI.