Commerce and Industry Minister Piyush Goyal says an India-Peru free trade agreement (FTA) is unlikely to be concluded anytime soon. Speaking on the status of the talks, Goyal indicates that the proposed agreement is still under negotiation and does not have a near-term timeline for completion, according to both outlets.
Goyal also outlines the next steps in the process. An Indian team of officials is scheduled to travel to Canada for the next round of talks. The round is connected to discussions on a Comprehensive Economic Partnership Agreement involving India and Peru, with negotiations continuing as both sides work through terms for deeper trade and economic cooperation.
The reports converge on the same core points: Goyal does not foresee an immediate outcome for the India-Peru FTA and confirms the upcoming travel and negotiation round in Canada. They do not provide additional details on whether specific chapters, tariff schedules, or market-access issues have been agreed, focusing instead on the timing and the upcoming negotiating venue.
