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.
“We are living in an era where markets are no longer confined by geographical boundaries. What our businesses need are favourable market access,’’ she said emphasising the crucial role of Free Trade Agreements (FTAs).
Speaking at an outreach programme organised by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), in association with the Export Promotion Council for Handicrafts (EPCH), on Wednesday (July 15, 2026), she said, these FTAs, including the recent one between India and UK, presented transformative opportunities for Karnataka’s diverse industries, from engineering and electronics to textiles, garments, coffee, spices, biotech, IT, and handicrafts.
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