‘Bad FTA With Japan, Korea’: Piyush Goyal Criticizes Congress-Era Trade Deals, Hails India-EU FTA
Union Minister Piyush Goyal criticizes past FTAs signed under the UPA government, calling them “bad” for India’s trade with Japan and Korea. In an interview with ANI, he says the previous agreements failed to boost exports, while imports from those countries doubled, harming Indian manufacturers. Goyal contrasts this with the recently signed India-EU FTA, noting that 99% of Indian exports to Europe will now have zero duty. He emphasizes that the current government negotiates balanced FTAs on India’s terms, avoiding deals with countries that directly compete with India or have lower labor costs that could hurt domestic industries. According to Goyal, these new agreements are designed to strengthen Indian exports and support the country’s manufacturers and economy.
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