{"id":294875,"date":"2025-07-27T03:15:13","date_gmt":"2025-07-27T03:15:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/294875\/"},"modified":"2025-07-27T03:15:13","modified_gmt":"2025-07-27T03:15:13","slug":"fta-momentum-piyush-goyal-confirms-oman-deal-almost-finalised-talks-with-eu-us-others-also-moving-fast","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/294875\/","title":{"rendered":"FTA momentum: Piyush Goyal confirms Oman deal \u2018almost finalised\u2019; talks with EU, US &#038; others also moving fast"},"content":{"rendered":"<p> <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/122926195.jpg\" alt=\"FTA momentum: Piyush Goyal confirms Oman deal \u2018almost finalised\u2019; talks with EU, US &amp; others also moving fast\" title=\"File photo: Union minister Piyush Goyal (Picture credit: PTI)\" decoding=\"async\" fetchpriority=\"high\"\/>File photo: Union minister Piyush Goyal (Picture credit: PTI) India\u2019s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/piyush-goyal\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\" target=\"_blank\" rel=\"noopener\">Piyush Goyal<\/a> confirmed on Saturday. He also noted that negotiations with the European Union, United States, Peru, and Chile are progressing rapidly and making \u2018fast progress\u2019. \u201cWe are in negotiations at an advanced stage with Oman. It is almost finalised,\u201d said Goyal, as per news agency ANI.At a press conference, Goyal highlighted India\u2019s recent track record in concluding major trade agreements with developed economies. These include FTAs with Mauritius, Australia, and the four-nation European Free Trade Association (EFTA) bloc \u2014 Switzerland, Norway, Liechtenstein, and Iceland.He also spoke about the recently signed India-UK Comprehensive Economic and Trade Agreement (CETA), calling it \u201cvery comprehensive,\u201d with 30 chapters. The agreement, signed during Prime Minister Narendra Modi\u2019s two-day visit to the UK, is aimed at enhancing trade flows and deepening economic cooperation. According to the UK government, India\u2019s average tariffs on UK goods will drop from 15% to 3% under the new FTA, potentially boosting bilateral trade to $120 billion by 2030.&#8221;The goods and services that India provides to the world have high quality and cost competitiveness,&#8221; Goyal said. He added that these FTAs underscore India\u2019s rising importance on the global economic stage.Regarding the proposed trade pact with the US, Goyal said discussions are progressing fast, with the next round of talks expected in August. As per news agency PTI, the two countries aim to finalise the first tranche of their bilateral trade agreement by fall, targeting a trade volume of $500 billion \u2014 more than double the current figure of $191 billion.However, trade negotiations with the US involve complex issues, particularly around agricultural and dairy products, where India has so far resisted granting duty concessions. India is also pressing for reduced tariffs on steel, aluminium, automobiles, and a range of labour-intensive sectors like textiles, gems and jewellery, and chemicals.Goyal emphasised that the government\u2019s goal is to \u201cexpand frontiers of India\u2019s international trade\u201d and strengthen investor confidence. \u201cEach [FTA] is getting its requisite attention,\u201d he added, pointing to parallel talks with countries like New Zealand and Chile.<\/p>\n","protected":false},"excerpt":{"rendered":"File photo: Union minister Piyush Goyal (Picture credit: PTI) India\u2019s Free Trade Agreement (FTA) with Oman is at&hellip;\n","protected":false},"author":2,"featured_media":294876,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[107688,2000,299,5187,1699,109447,109445,109446,43781,109441,109444,109443,109442,3136],"class_list":{"0":"post-294875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-comprehensive-economic-and-trade-agreement","9":"tag-eu","10":"tag-europe","11":"tag-european","12":"tag-european-union","13":"tag-expanding-international-trade","14":"tag-fta-oman-deal","15":"tag-global-economic-stage","16":"tag-india-eu-trade-talks","17":"tag-india-free-trade-agreement","18":"tag-india-trade-negotiations","19":"tag-india-uk-trade-relations","20":"tag-india-us-bilateral-trade","21":"tag-piyush-goyal"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114923026910381758","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/294875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=294875"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/294875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/294876"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=294875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=294875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=294875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}