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Govt raises engagements with nations to push Indian goods

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Govt raises engagements with nations to push Indian goods

NEW DELHI: Amid trade uncertainty, govt has heightened its engagement with countries – from the UAE to Qatar, South Africa and Australia – as it seeks to push Indian goods into markets other than the US.Commerce and industry minister Piyush Goyal met his counterparts from South Africa and Qatar last week, countries with which India doesn’t have trade agreements at the moment. Consultations with the UAE and Australia, with which trade deals are in place, were meant to build on the current foundation, sources said.India and Qatar are expected to begin talks for a trade deal in the coming months, they added. Australia is keen that govt takes forward the comprehensive economic agreement, which will take forward the current Economic Cooperation and Trade Agreement.During their bilateral meeting, India and UAE have discussed ways to enhance and facilitate trade in pharmaceuticals and healthcare products, with an aim to boost economic ties, the commerce ministry said on Monday.The UAE conveyed a positive outlook on expediting registration processes and regulatory facilitation, while India highlighted its openness and readiness for inspections and audits by the UAE authorities, it said.“In the pharmaceutical sector, key issues were discussed in light of evolving geopolitical challenges. Both sides exchanged views on ways to further facilitate trade in pharmaceuticals and healthcare products,” it said.





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