UK says India needs to open its markets much more for a successful FTA thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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India rejects EFTA s demand for data exclusivity provision, protecting the generic drug industry. Secretary Barthwal emphasizes India s support for the industry. Exclusivity is beyond TRIPS agreement. EFTA has 29 FTAs with 40 partner countries, including Canada, Chile, China, Mexico, and Korea.
India s trade deficit increased to $17.49 billion in January 2023, according to Commerce Secretary Sunil Barthwal. The deficit was $17.03 billion in January and $19.8 billion in December 2023. Merchandise exports rose by 3.12% to $36.92 billion, while imports increased by 7.4% to $54.41 billion.