CIM asks India to shed fear of free trade agreements

Convening the second meeting of the Board of Trade in New Delhi on Thursday, Commerce and industry minister Piyush Goyalsaid the country is ready to take bold decisions to enhance its presence in international trade. In this regard, he also persuaded the industry to shed fears towards free trade agreements (FTAs).”We are finalising our industrial policy and foreign trade policy. We are working with finance ministry to make industry policy attractive enough for foreign investments,” the minister added in the context of bolstering the country’s exports.

He also stated that India should categorize imports as desirable and undesirable and allow imports that help the nation to serve its customers better. Citing the example of the success of the telecom sector, he stated that not all imports are bad.