India's Trade Deals to Open Access to $85 Trillion Market
Commerce Minister Piyush Goyal said India's free trade agreements (FTAs) are expected to give exporters preferential access to markets with a combined GDP of $85 trillion. That covers 76% of the global economy, and he urged businesses to expand abroad and improve product quality.
Context
Context: FTAs are deals between countries that cut tariffs and trade barriers, and India has signed several in recent years. Exporters are the businesses that sell goods abroad, so these deals affect their costs and buyers.
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