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Date: 05/12/2022

New FTA commitments may hamper future exports: Report

Any new binding commitments on issues like the environment, labour and sustainability in the proposed free trade agreements (FTA) being negotiated by India may hamper the country’s exports in future, according to a report by Global Trade Research Initiative (GTRI). India’s already weak FTA outcomes may worsen if it takes obligations in the new issues, the report, ‘FTAs: Fabulous, Futile, or Flawed? An evaluation of India’s FTAs with ASEAN, Japan and South Korea’, said. International commitments must be taken only after the domestic regulatory framework is in place. And both must be in sync. New non-trade issues may become non-trade barriers and hamper exports in the future, said GTRI, as per a report.

Source: Exim News Service: New Delhi, Dec. 4