India Unveils FourLane FTA Strategy Targeting U.S., EU, and MineralRich Nations
Indias fourlane Free Trade Agreement FTA strategy targets its neighbours, developing economies, mineralrich countries, and wealthy nations. In additio
Indias fourlane Free Trade Agreement FTA strategy targets its neighbours, developing economies, mineralrich countries, and wealthy nations. In addition to discussions with Chile, Peru, Australia, and New Zealand, the first phase, which is anticipated to be completed by the end of the year, focuses on agreements with the US and the EU. By avoiding free trade agreements with nations that directly compete in the same product categories, the strategy places an emphasis on complementarities. Tariffs may be lowered on sensitive industries like alcohol and autos. In order to obtain vital minerals from allies like Australia and Gulf countries, India is also pursuing free trade agreements. China and Pakistan are not shown, although Sri Lanka and Mauritius are highlighted as neighbours. In order to maintain continuity and improve tariff utilisation, the government is also fortifying its training programs and negotiating teams.
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B2B Tech News | 10 days ago