Non-tariff barriers to trade need to be studied, resolved: Piyush Goyal
The Hindu
The minister said India is negotiating free trade agreements with several countries including the U.K., UAE and Australia.
Commerce and Industry Minister Piyush Goyal on Friday said there are lot of non-tariff barriers that need to be addressed and wherever India will find unfair treatment to domestic industry, it will have to take reciprocal action.
Non-tariff barriers to trade are restrictive practices which create impediments in smooth flow of imports and exports.
"Trade today requires a lot of study, deep diving into what practices other countries follow. There are a lot of non-tariff barriers that need to be studied, we need to work to resolve those barriers. Wherever we will find unfair, unjust treatment to India, India will have to take reciprocal action," he said at the 54th convocation of Indian Institute of Foreign Trade (IIFT).
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