India must negotiate well on free trade agreements, say experts

'Reduction in tariff equally crucial while working towards any agreement'

Experts are of the opinion that resolving contentious issues would be tricky even as India is revamping its strategy on free-trade agreements (FTAs) with top trading partners.

While negotiations on trade deals with the European Union (EU), Canada, Gulf Cooperation Council (GCC) nations and Israel are on, New Delhi is eyeing an ‘early harvest’ deal with countries such as Australia and the UK.

Experts say that reduction in tariff is equally crucial while working towards any deal.

“If we need a trade agreement to be deeper and really beneficial for our industry, we need to be well prepared on what