Piyush Goyal suggests BIMSTEC group members to relook proposed FTA

Commerce Minister Piyush Goyal called on BIMSTEC nations to reassess their sluggish FTA negotiations, proposing a preferential trade agreement instead. Despite 22 rounds since 2004, significant progress remains elusive. Goyal suggested trading in local currencies to even out trade imbalances and sought input from business leaders to guide future decisions.