From NDTV
Owned by Adani Group (AMG Media)India, Egypt To Work On Terms Of Reference For Potential Trade Pact
What's behind this
Commerce Minister Piyush Goyal said India will receive preferential access to the US market with lower tariffs than competing countries under a proposed bilateral trade agreement. He also announced that India and Egypt will now work on the Terms of Reference to examine the potential for a Preferential Trade Agreement or a free trade agreement, noting immense opportunities for India. Goyal added that any possible pact will be examined for its impact on trade and investment while protecting the interests of farmers, fishermen and small workers in both nations. The statements were made on Sunday in Cairo.
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RSS excerpt
Commerce Minister Piyush Goyal called for far greater ambition than the current $6.5 billion in bilateral trade, and suggested linking UPI with Egyptian payment systems to cut the cost of doing business.