Commerce ministry looking at ways to increase bandwidth to negotiate free trade pacts
India has signed 13 free trade agreements with countries like Japan, Korea, and the UAE and six preferential pacts so far with its trading partners for ensuring greater market access for domestic goods and promoting exports.With a number of countries approaching India for negotiating bilateral free trade agreements (FTAs) to boost economic ties, the commerce ministry is looking at ways to increase its bandwidth for undertaking these time and human resource consuming talks, a senior official said. The commerce ministry officials, at present, are negotiating several FTAs with countries including the UK, Canada and European Union.
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