India looking at reciprocal access to foreign mkts through FTAs: Goyal

India is looking at reciprocal and equitable access to foreign markets through free trade agreements, which the country is negotiating with its trading partners, Commerce and Industry Minister Piyush Goyal said on Thursday. India is, at present, negotiating free trade agreements (FTAs) with countries like UAE, the UK, and Australia.
Under a free trade agreement, two trading partners reduce or eliminate customs duties on the maximum number of goods traded between them. Besides, they liberalise norms to enhance trade in services and boost investments.