India Development News & Foreign Investment Opportunities

Govt works on more trade agreements

Export financing roadmap


Export financing roadmap

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The government has taken proactive measures for gaining market access in China, while working on trade agreements with countries in Latin America, Africa, Central Asia and Gulf Cooperation Council.

Sharing this with exporters on 7 July 2018, Commerce and Industry Minister Suresh Prabhu said the United Kingdom is also eager to get into a trade agreement with India, post BREXIT.

He also disclosed that the government is working on preparing a robust roadmap for export financing and insurance towards exports.

Prabhu has assured exporters from Eastern India that a firm stand has been taken at international level to emphasize on the role of World Trade Organization (WTO) for resolving global trade disputes.

Meanwhile, the government has take proactive measures to gain market access in China, amidst rising protectionism in developed countries, noted Ganesh Kumar Gupta, President of the Federation of Indian Exporters Organization (FIEO).

Also, the government has been taking firm measures to cement trade ties with Africa and Latin American countries to boost its exports, said Gupta during a FIEO organized meeting with exporters Minister Prabhu on 7 July 2018.

He called for immediate target to further increase India’s exports by US$100 billion in the coming two financial years.

Gupta also urged the Minister to roll out E-wallet facility from 1 October 2018 and more importantly, take trade and industry into confidence so that their concerns are addressed before the scheme is launched.

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