India’s expanding network of free trade agreements (FTAs) is expected to provide domestic exporters preferential access to markets with a combined gross domestic product (GDP) of $85 trillion, covering nearly 76% of the global economy, Commerce and Industry Minister Piyush Goyal said on Friday, urging businesses to look beyond the domestic market and build a global presence.Addressing the fourth edition of the Festival of Ideas, Goyal said India had trade agreements covering economies with a combined GDP of around $10 trillion before 2014. Over the past four-and-a-half years, the government has concluded nine trade pacts covering 38 developed countries with a combined GDP of $60 trillion.India is negotiating another seven to eight trade agreements that could add markets worth $15 trillion, taking the total economic coverage of its trade arrangements to $85 trillion, out of the world's GDP of $115 trillion, said minister Goyal. (ICE NEW DELHI)

Fonte notizia: Economic Times