Commerce Ministry negotiating 21 Trade Agreements : Nirmala Sitharaman

Posted by Daily Shipping Times on 02-08-2017        Tweet

NEW DELHI: The Commerce Ministry is negotiating as many as 21 trade agreements, including with Israel and Mauritius, Parliament was informed.

Commerce and Industry Minister Nirmala Sitharaman also said the negotiations for a free trade agreement are a continuous process and it is difficult to set a timeline for their conclusion.

She said that before starting talks for such pacts, studies are carried out internally as well as through joint study groups to look at the feasibility of such pacts.

"The Department of Commerce is negotiating 21 trade agreements including with Israel and Mauritius," she said in the Lok Sabha.

India is negotiating FTAs with countries including European Union, Sri Lanka, Thailand, New Zealand and Canada.