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VERIFIEDET Policy·neutral
India’s new FTAs offer investment opportunities, but utilisation remains weak: Commerce Secretary
AI Summary
- ·Commerce Secretary Rajesh Agrawal highlighted the underutilization of India's finalized free trade agreements.
- ·New FTAs with developed nations are anticipated to attract investment by addressing factors beyond tariffs.
- ·While FTAs have increased trade volumes, exports have not kept pace with imports, possibly due to robust domestic demand.