FTAs enable participation in global value chain, India Inc looks forward to more such deals: CII President

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FTAs enable participation in global value chain, India Inc looks forward to more such deals: CII President - Economic Times

Quick Summary:

Indian industries are looking forward to more free trade agreements (FTAs) because such trade pacts are the key enablers for participating in the global value chain, said Sanjiv Puri, President of the Confederation of Indian Industry (CII) and Managing Director of ITC.

GTRI further adds that India should draw lessons from the recently concluded US-UK trade deal and be cautious on a deal with America for its bilateral trade deal.

The timely agreement will help advance a comprehensive strategic partnership between India and the UK, steering bilateral trade towards the ambitious target of USD 100 billion by 2030, the CII had added.