India Signs New-Generation Free Trade Agreements
ECONOMY & POLICY

India Signs New-Generation Free Trade Agreements

India has signed several new-generation free trade agreements (FTAs), and the Ministry of Commerce and Industry has called for their benefits to reach micro, small and medium enterprises (MSMEs) across the country. The ministry said improved access to overseas markets would be meaningful only if smaller businesses could use the opportunities created through these agreements. The comments were made at a state-level awareness and outreach programme in Agartala, focused on helping MSMEs understand how FTAs can support trade.

C. Vanlalramsanga, joint secretary in the ministry, addressed the programme organised by Tripura Government’s Industries and Commerce Department at Pragya Bhavan. He said India’s expanding network of FTAs required coordinated efforts to connect enterprises with export opportunities, product standards and market-specific demand. The programme sought to improve awareness among local businesses and encourage them to examine markets beyond traditional destinations.

Vanlalramsanga said Tripura had significant potential because of its proximity to international borders. The state has 370,000 MSMEs and exported goods worth approximately USD 15 mn last year, according to information presented at the event. He urged businesses to identify niche markets and develop value-added products to raise export earnings and improve the competitiveness of goods produced in the state.

He also outlined central initiatives aimed at strengthening the export ecosystem, including digital reforms and the Export Promotion Mission. These measures are intended to simplify processes, improve access to information and help enterprises participate more effectively in international trade. Tripura Industries and Commerce Secretary Kiran Gitte spoke about state support for MSMEs, while Director Deepak Kumar delivered the welcome address. Officials from the Directorate General of Foreign Trade, export promotion councils and other agencies attended the programme.

India has signed several new-generation free trade agreements (FTAs), and the Ministry of Commerce and Industry has called for their benefits to reach micro, small and medium enterprises (MSMEs) across the country. The ministry said improved access to overseas markets would be meaningful only if smaller businesses could use the opportunities created through these agreements. The comments were made at a state-level awareness and outreach programme in Agartala, focused on helping MSMEs understand how FTAs can support trade. C. Vanlalramsanga, joint secretary in the ministry, addressed the programme organised by Tripura Government’s Industries and Commerce Department at Pragya Bhavan. He said India’s expanding network of FTAs required coordinated efforts to connect enterprises with export opportunities, product standards and market-specific demand. The programme sought to improve awareness among local businesses and encourage them to examine markets beyond traditional destinations. Vanlalramsanga said Tripura had significant potential because of its proximity to international borders. The state has 370,000 MSMEs and exported goods worth approximately USD 15 mn last year, according to information presented at the event. He urged businesses to identify niche markets and develop value-added products to raise export earnings and improve the competitiveness of goods produced in the state. He also outlined central initiatives aimed at strengthening the export ecosystem, including digital reforms and the Export Promotion Mission. These measures are intended to simplify processes, improve access to information and help enterprises participate more effectively in international trade. Tripura Industries and Commerce Secretary Kiran Gitte spoke about state support for MSMEs, while Director Deepak Kumar delivered the welcome address. Officials from the Directorate General of Foreign Trade, export promotion councils and other agencies attended the programme.

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