'Despite Brexit, EU to remain India's largest trading partner'

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SME Times News Bureau | 23 Feb, 2019
The European Union (EU) would continue to be India's largest trading partner and the main source of Foreign Direct Investment even after Brexit, said Ambassador of the European Union to India, Tomasz Kozlowski on Friday.

"After the Brexit, whether it happens or not, from our point of view the EU is fully committed to implement all agreements which have been reached with the Indian government and Indian entities in all possible fields," Kozlowski told reporters in Kolkata.

"According to our estimates, after the possible Brexit, the EU will continue to remain the largest trading partner, the main source of FDI and modern technologies," he said.

The envoy said: "EU is fully committed to political declarations, commitments and trade agreements in all fields with India and claimed that the possible Brexit would not have any direct or indirect impact on the bilateral relationship."

"We have much more capacities on both sides to increase substantially in terms of trade and investment. It is a role that Indian government and EU to work on better and more conducive conditions to trade and invest more," Kozlowski added.