From Orissa Post
Owned by Eastern Media Ltd (Sambad Group)India, Egypt to work on terms of reference for proposed bilateral trade agreement
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
Cairo: India and Egypt Sunday announced that officials from both countries will work toward finalising the terms of reference (ToR) for a potential bilateral trade agreement. Commerce and Industry Minister Piyush Goyal said promoting trade in local currencies would help boost economic ties and…
