Ministry of Commerce & Industry
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Commerce and Industry Minister Piyush Goyal consults industry as part of India’s FTA negotiations with UK, EU and Canada

The FTAs being negotiated will benefit bilateral trade, create jobs and bring wider social and economic benefits: Union Commerce Minister Piyush Goyal

Posted On: 14 MAY 2022 6:30PM by PIB Mumbai

Mumbai, May 14, 2022

The Union Minister for Commerce and Industry; Consumer Affairs, Food and Public Distribution, and Textiles, Shri Piyush Goyal held a day-long stakeholder consultation with various sectors of the industry in Mumbai today, on India’s ongoing negotiations on Free Trade Agreements with Canada, the United Kingdom and the European Union. The Minister had separate meetings with representatives of automobiles, gem and jewellery, textiles, steel, copper and aluminium sectors. The hybrid interaction had industry leaders and associations attending both in person and online.

The Commerce Minister apprised the industry as to how the Agreements that are being negotiated will elevate the overall economic and commercial relations with respective partner countries which in turn will not only benefit bilateral trade but also create new jobs and provide wider social and economic opportunities. Shri Goyal stressed on the potential benefits - both direct and complementary spill-over economic benefits, including increased investment, job creation and employment opportunities.

While appreciating the accommodative spirit of the Industry, the Minister urged the industry representatives to continue to support the trade negotiations in the same spirit in the wider interests of the nation, contributing to the holistic development of multi-sectoral economic value chains in the country.

The industry representatives thanked the Minister for entering into FTAs with UAE, Australia and other nations, that too at such a fast pace fulfilling a long-lasting dream for many of them. Further, all the stakeholders expressed gratitude to the Minister for taking into consideration concerns of Indian Industry and provided constructive inputs on this matter with a view to ensure overall balance between market access and domestic sensitivities.

A non-exhaustive list of Trade bodies/Associations/EPCs that participated in the consultations is given below.

Sl.

No.

Sector

Trade Bodies/ Associations which participated

1.

Automotive Industry (Automobiles/auto components)

  1. Society of Indian Automobile Manufacturers (SIAM),
  2. Automotive Components Manufacturers Association of India (ACMA)
  3. Society of Manufacturers of Electric Vehicles (SMEV)
  4. EEPC India
  5. CII

2.

Gems and Jewellery

  1. GJEPC
  2. All India Gem & Jewellery Domestic Council

3.

Textiles

  1. Apparel Export Promotion Council
  2. Cotton Textiles Export Promotion Council
  3. Indian Silk Export

     Promotion Council

  1. Synthetic & Rayon Textiles Export Promotion Council
  2. Wool Industry Export Promotion Council
  3. ICC
  4. FICCI
  5. ASSOCHAM
  6. CII
  7. Cotton Corporation of India (CCI)
  8. Handloom Export Promotion Council
  9. Confederation of Indian Textile Industry
  10. Silk Association of India
  11. The Clothing Manufacturers Association of India
  12. Association of Man-Made Fibre Industry of India
  13. The South India Hosiery Manufacturers Association
  14. Apparel Exporters and Manufacturers Association
  15. Indian Polyurethane Association
  16. India Woolen Mills Federation
  17. PDEXCIL
  18. Wool and Woollen Export Promotion Council

4.

Steel

  1. Indian Steel Association (ISA)
  2. Indian Stainless Steel Development Association (ISSDA)
  3. Alloy Steel Producers Association(ASPA)
  4. Indian Ferro Alloy Producers’ Association(IFAPA)
  5. EEPC India
  6. FICCI
  7. CII

5.

Copper

  1. Indian Primary Copper Producers Association (IPCPA)
  2. EEPC India
  3. Indian Electrical & Electronics Manufacturers Association (IEEMA)
  4. Indian Non-Ferrous Metals Manufacturers Association (INFMMA)
  5. Bombay Metal Exchange Ltd.

6.

Aluminium

  1. Aluminium Association of India (AAI)
  2. Aluminium Secondary Manufacturers Association (ASMA)
  3. Aluminium Casters' Association (ALUCAST)
  4. Indian Electrical & Electronics Manufacturers Association (IEEMA)
  5. EEPC India
  6. Bombay Metal Exchange Ltd.
  7. FICCI
  8. CII

 

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