Fri Nov 14 07:23:30 UTC 2025: Summary:

Union Minister Piyush Goyal announced India is actively negotiating Free Trade Agreements (FTAs) with several countries, including the EU, the US, Oman, and others, amidst global economic volatility. Speaking at the CII Partnership Summit in Visakhapatnam, he emphasized the importance of resilience, technology adoption, and righteousness for Indian industries. He also highlighted India’s commitment to Ease of Doing Business, digital infrastructure, renewable energy, and its ambition to become the world’s third-largest economy. He urged countries to lower trade barriers and cooperate on technology for mutual prosperity.

News Article:

India Pursues Free Trade Agreements Amid Global Economic Shifts

Visakhapatnam, India – November 14, 2025 – Union Minister of Commerce & Industry Piyush Goyal announced today that India is actively engaged in negotiations for Free Trade Agreements (FTAs) with a wide array of countries, including the European Union, the United States, Oman, New Zealand, Chile, and Peru. The announcement comes at a time of significant global economic uncertainty, with Minister Goyal noting that “the world order is being rewritten.”

Speaking at the 30th CII Partnership Summit in Visakhapatnam, Goyal emphasized the need for Indian industries to be resilient and embrace technology to thrive in the current environment. He stated that India’s trusted position on the global stage offers a unique opportunity to benefit humanity through strategic trade partnerships.

Goyal highlighted India’s commitment to streamlining business practices, citing the removal of over 50 outdated laws and 42,000 compliances. He further emphasized the importance of investing in digital public infrastructure and expanding renewable energy capacity as key drivers in India’s ambition to become the world’s third-largest economy in the near future.

“Countries must lower trade barriers and cooperate on technology to prosper,” Goyal urged, adding that India is committed to democratizing technology to benefit its citizens. The ongoing FTA negotiations signify India’s proactive approach to navigating global economic shifts and securing its future as a major economic power.

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