The record
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- Commerce secretary Rajesh Agarwal stated that India's recent free trade agreements aim to offer tariff stability to long-term investors.
- These pacts are intended to integrate India into global supply chains by making the movement of goods more predictable.
- New deals include commitments with the European Union, the United Kingdom, and the EFTA bloc to foster export diversification.
- This strategy is designed to de-risk export supply chains for Indian businesses.
Who said what2
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Rajesh Agarwal
Commerce secretary
2 quotes · 1 outlet
“The new FTAs that we have seen over the last five-six years, all of these are designed in a manner where it gives comfort to long-term investors to invest in a global supply chain in India. Predictability drives investments and the FTAs provide tariff predictability”
In the article
…last 5-6 years have been designed to provide comfort to long-term investors looking to invest in global supply chains in India. These pacts also provide investors access to a $60 trillion market sitting back in India. “ The new FTAs that we have seen over the last five-six years, all of these are designed in a manner where it gives comfort to long-term investors to invest in a global supply chain in India. Predictability drives investments and the FTAs provide tariff predictability ,” Agarwal said while addressing at an event. “You are living in the world of global value chains and investments need predictability in terms of flow of goods also, because I need to import something from a region, I…
“So what this free trade agreement does is to create an environment where our export supply chains can also get de-risked”
In the article
…to do it in the simplest manner. I think the FTAs provide that. These trade pacts help diversify the export basket. When you diversify your export supply chain, your basket is wide enough, I think you are de-risking. So what this free trade agreement does is to create an environment where our export supply chains can also get de-risked ,” he said. The secretary further said that an exporter today could access regions like Asean, and also countries like Australia and New Zealand. “The tariff arbitrage is helping diversify exports. Since I am reaching…
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Named India · United Kingdom · Oman · New Zealand · United Arab Emirates · Australia · European Free Trade Association · European Union · Rajesh Agarwal
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