Piyush Goyal spoke on India-UK FTA! Know how it will be beneficial in the empowerment of women, the Minister of Industry revealed in the video

The new Free Trade Agreement (FTA) between India and Britain is a historical agreement described by the Minister of Trade Trade and the Minister of Industry Piyush Goyal. This agreement will not only promote trade and investment, but will also strengthen the service sector, women’s empowerment and jobs. 20 years later, the Minister of the Historical Agreement, Piyush Goyal, said that the Yatra has been underway for the past two decades, which has now been completed as a strong, balanced and fair agreement in the presence of Premier Modi and British Prime Minister Kir Farper. The agreement is expected to amount to $ 120 billion in the next five years in the next five years. Farmers and MSMEs are given a major advantage from Union Minister Piyush Goyal said Indian farmers can process their agricultural products and export to Britain, which will benefit them more. New opportunities for performing aircraft parts, car components and engineering products will open for small and medium businesses (MSMEs). In addition, Indian textiles will now charge zero import taxes, which will increase the demand there. A new market will also open in Britain for many products such as furniture, shoes, toys, medicines and leather items. Relief in Social Security to Indian workers, together with this agreement, was also implemented another important system of dual contribution (DCC). The advantage of this is that Indian workers go to Britain for a few years, no longer have to lose 25% of their salary in social security. Instead, the money will be deposited into their Indian Provident Fund (PF) and will become a pension fund with 8% tax -free interest. Special chapter on the empowerment of women This time, India included a separate chapter on women’s empowerment and gender equality in a free trade agreement for the first time. It aims to provide women’s equal opportunities for economic participation in the world, national and regional level. Below is a trade group for trade and gender equality, which will ensure that women get the right policy and help to move forward in the business. The group holds regular meetings and reviews and monitors this chapter of the agreement. The business will get stability and Piyush Goyal Pre-Plan said it should get another formal approval in the British parliament, but with the support of both the major parties (conservative and labor), the process is expected to be completed soon. This will provide long -term stability to traders and will be able to make their supply chain and strategies accordingly.