Business News | Piyush Goyal Holds Talks with Export Promotion Councils to Leverage Opportunities from Trade Deals
Get latest articles and stories on Business at LatestLY. Union Minister for Commerce and Industry Piyush Goyal held discussions with representatives of various Export Promotion Councils (EPCs) and industry associations to deliberate on leveraging opportunities emerging from recently concluded trade deals.
New Delhi [India], February 12 (ANI): Union Minister for Commerce and Industry Piyush Goyal held discussions with representatives of various Export Promotion Councils (EPCs) and industry associations to deliberate on leveraging opportunities emerging from recently concluded trade deals.
In a social media post on Wednesday, the minister said he was delighted to meet representatives of various EPCs and industry associations.
He stated, "Delighted to meet representatives of various Export Promotion Councils (EPCs) & Industry Associations today. They conveyed their gratitude to PM@NarendraModiji for his decisive leadership in concluding multiple FTAs with major global economies in the last 6 years."
The meeting focused on exploring ways to maximise the benefits arising from multiple Free Trade Agreements (FTAs) concluded with major global economies over the last 6 years.
According to the minister, industry associations conveyed their gratitude to Prime Minister Narendra Modi. They said these agreements have unlocked massive avenues for India's industries, services sector, and exporters.
Goyal noted that the discussions were wide-ranging and centred on how Indian businesses can effectively leverage the opportunities created by the trade deals. The focus was on enhancing export competitiveness, expanding market access, and strengthening India's position in global trade.
He emphasised that the trade agreements have opened up new possibilities for growth across sectors and have created fresh opportunities for exporters to expand their footprint in international markets.
The meeting also highlighted the role of industry bodies and EPCs in ensuring that Indian businesses fully utilise the benefits of these agreements.
The minister further stated that the government remains firmly committed to supporting industry, boosting exports, and accelerating India's economic growth and development.
He reiterated that the collective effort of the government and industry stakeholders will play a key role in driving India's transformation into a "Viksit Bharat" by 2047.
In 2025, India significantly accelerated its trade diplomacy by signing several landmark agreements, starting with the India-UK Comprehensive Economic and Trade Agreement (CETA) on July 24, which opened up massive opportunities for Indian exports, like textiles and gems.
This was followed by the signing of the India-Oman Comprehensive Economic Partnership Agreement (CEPA) on December 18 and the official conclusion of the India-New Zealand FTA on December 22, both aimed at removing duty barriers and boosting bilateral investments.
Additionally, 2025 marked a milestone as the India-EFTA TEPA (involving Switzerland, Norway, Iceland, and Liechtenstein) officially entered into force on October 1, bringing with it a USD 100 billion investment commitment.
Moving into 2026, India achieved a historic breakthrough on January 27 by signing a comprehensive Free Trade Agreement with the European Union, a deal that provides Indian businesses with preferential access to one of the world's largest and most affluent consumer markets.
This was immediately followed by a strategic reset in the India-US trade relationship; on February 7, the two nations announced an Interim Trade Agreement that slashed effective US tariffs on Indian goods from a peak of 50 per cent down to 18 per cent. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)