Global trade should operate within a rule-based multilateral trading

Commerce and Industries minister Piyush Goyalhas said that India is making every effort for early conclusion of several crucial Free Trade Agreements (FTAs). Goyal also called for free trade within rules-based multilateral trading systems with honesty and transparency as core values. He urged upon all countries to work to resolve issues posed by Non- Tariff Barriers in international trade.Addressing the 54th Convocation of Indian Institute of Foreign Trade in New Delhi on Friday, Goyal said 100 crore vaccines is a symbol of India's strength and the result of collective effort. 
He also asserted that wherever India faces an unfair or unjust treatment, it will take reciprocal action.  Underscoring the need for a committed and vibrant leadership in the field of academics in the country, Goyal called for enhancing exposure of students to the best of technology, foreign law, economics, and international trade. Calling for tie-ups of Indian Universities with institutions of eminence across the world, he asked Indian universities to enter into sustained collaborations with such institutions. Goyal said that despite challenges, India under Prime Minister Modi has aimed to convert a crisis into an opportunity for transformation. “We are engaging with like-minded nations like the EU, U.K., Canada, Australia and UAE for early conclusion of free trade agreements,” he said.