India, Nov. 18 -- Business needs to be more transparent with trade data to help stakeholders take the best decisions, Union commerce and industry minister Piyush Goyal said on Tuesday while launching a trade intelligence portal to help stakeholders in making informed decisions.

The Trade Intelligence & Analytics (TIA) portal will open up new insights for importers, exporters, startups, and micro, small and medium enterprises (MSMEs), he said, adding that smaller businesses, even in the remotest regions, will now have access to data that was previously available only to larger enterprises.

He also noted that the portal will help exporters better utilise the free trade agreements (FTAs). Describing the current world tariff situation as a ...