India’s latest trade deals to open new global markets for Arunachal farmers, manufacturers: Piyush Goyal

India’s Recent Trade Deals to Benefit Arunachal Farmers and Manufacturers

New Delhi, India – According to Union Commerce and Industry Minister Piyush Goyal, India’s recent trade agreements will provide wider global market opportunities for farmers, metal producers, and manufacturers in Arunachal Pradesh. The government aims to connect producers from the northeastern state with international markets.

Goyal stated that the nine new trade deals signed under Prime Minister Narendra Modi will give Arunachal Pradesh’s farmers, metal producers, and manufacturers direct access to global markets. He described the state as being “on the front line of Bharat’s growth story.”

India has expanded its network of trade agreements, with nine agreements spanning 38 countries, including Mauritius, the UAE, Australia, the European Free Trade Association (EFTA), the UK, Oman, New Zealand, and the European Union, as well as a framework for an interim trade agreement with the United States. These agreements aim to provide Indian exporters with preferential access to major global markets through lower tariffs and reduced trade barriers.

Arunachal Pradesh has significant export potential in sectors such as agriculture and horticulture, with over 70% of the state’s population dependent on farming. Products like kiwi, Arunachal Orange, and Adi Kekir Ginger have been identified as having potential to become more competitive in domestic and international markets. The state is also India’s largest kiwi-producing state, accounting for over half of the country’s production.

The recently signed India-New Zealand Free Trade Agreement (FTA) is an example of the wider market access India is seeking through these agreements. Under the pact, New Zealand has committed to eliminating duties on 100% of its tariff lines for Indian exports, with an emphasis on creating opportunities for farmers, manufacturers, and micro, small, and medium enterprises (MSMEs).

However, increasing exports from Arunachal Pradesh will also depend on strengthening processing, logistics, and market linkages. The government’s recently announced Arunachal Kiwi Mission aims to address gaps in cold-chain and post-harvest infrastructure and integrate farmers with domestic and international markets.

Article and image source: newzealandstar.com