Free Trade Agreements, including the one with India and UK, offer favourable market access to MSMEs: FKCCI
The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) is promoting the use of Free Trade Agreements (FTAs) to help MSMEs access international markets. The organization highlights recent agreements with the UK and other nations as key opportunities for local businesses.
Why it matters
Effective utilization of FTAs is essential for small and medium enterprises to scale globally and contribute to national GDP growth.
A product made in Bengaluru can reach London, Dubai, Sydney, Tokyo, or Toronto within days. However, to truly compete globally, businesses require favourable market access, more than quality products, said Uma Reddy, President, FKCCI.
The article reports on business advocacy and government policy, presenting the benefits of trade agreements from an industry perspective.
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