Exports will increase in the wake of free trade agreements with partner countries

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MUMBAI: Free trade agreements with India's major trading partners such as the US, UK, Australia, New Zealand, etc. will not only boost India's exports but also help attract more foreign investment to the country, the Federation of Indian Export Organizations (FEO) said. .

One of the reasons behind the huge increase in foreign investment in a small country like Vietnam is its Free Trade Agreements (FTAs) with some countries of the world.

The Government of India is holding discussions with a number of countries together, which is a good thing and we are confident that industries will play a positive role in these negotiations. Shaktivel said.

By the end of 2021, India is likely to start formal talks with the UK and European countries. India will also focus on resuming stalled trade talks with countries such as Australia and Canada.

India's ડો 500 billion export target for the current financial year seems ambitious, but achieving it requires an aggressive marketing strategy as well as finding new markets.

In the first two months of the current financial year, India's exports of goods grew by 12 per cent to 2.50 billion as compared to April-May 2016.

He urged the government to open a scheme with an annual funding of Rs 1,000 crore behind marketing to increase exports to ૧ 1 trillion in the next five years.

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