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Referring to the Economic Cooperation and Trade Agreement (ECTA) signed with Australia, Goyal said that it was the first agreement signed with a developed country after a decade
Photo Credit : Piyush Goyal's Youtube
The recent trade agreements signed with UAE and Australia were very well received and did not elicit a single negative response from any sector, said Union Minister Piyush Goyal.
While speaking at the 51st National Export Awards of the Engineering Export Promotion Council of India, he said that our export community had made India proud with stellar achievements in exports.
Pointing out that exports have been the backbone of India’s economy, the minister said that it was crucial to honour our exporters and recognise their contribution to nation-building.
"The world now wants to engage with a trusted partner like India," the minister said.
Goyal added that India had sent sizeable delegations consisting of export promotion councils (EPCs) and micro, small and medium enterprises (MSMEs) to UAE and Australia to strengthen economic partnerships, thus building business to business relationships, helping develop markets for labour-intensive sectors.
The minister said that Indian missions across the world have been instructed to strive to promote trade, tourism, technology adoption etc.
The minister urged exporters to adopt an uncompromising stance when it comes to ensuring quality. He said that, as a nation, we must focus on quality and productivity and decide that we would be second to none in the world when it comes to quality and insists upon and demands good quality every single time.
He said that the government's role is to facilitate trade and not create hurdles. Prime Minister Narendra Modi is insistent on ensuring Ease of Doing Business, reduction in compliance burden, decriminalization etc, thereby creating a conducive environment for businesses to grow and prosper. PM GatiShakti is bringing about a culture of the whole of the government approach, added Goyal.
Referring to the Economic Cooperation and Trade Agreement (ECTA) signed with Australia, Goyal said that it was the first agreement signed with a developed country after a decade.
He also highlighted that the Comprehensive Economic Partnership Agreement (CEPA) signed with the UAE was the fastest ever negotiated bilateral FTA globally.
FTA negotiations are going on with the UK, Canada, EU, Israel etc. and are expected to start with the Gulf Cooperation Council (GCC) soon, he added.
He assured that FTA negotiations were no longer being carried out in silos but were being done with extensive consultations with stakeholders.