Trade agreements with US and EU to be concluded soon: FM Sitharaman

FINANCE Minister Nirmala Sitharaman on Tuesday said negotiations for the proposed free trade agreements with the US and European Union (EU) are progressing at a fast pace and would be concluded soon.

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All efforts are being made to boost exports to achieve the ambitious target of USD 2 trillion by 2030.

India has already signed free trade agreements with the UAE, Australia, and 4-nation EFTA (European Free Trade Association) bloc and negotiations have been completed with the UK, she said adding "with the US and the European Union, negotiations are really intensely going on and should come to conclusion sooner."

The emphasis now is on concluding more free trade agreements, she said while inaugurating Trade Conclave by India Exim Bank here.

She also mentioned Budget announcements of Export Promotion Mission and Bharat Trade Net, a digital public infrastructure which provides a unified platform for trade documentation and financing solutions.