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Last updated: 04 Aug, 2021  

India.EU.9.Thmb.jpg India, EU have agreed to resume trade negotiations

India.EU.9.jpg
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SME Times News Bureau | 04 Aug, 2021

India and EU have agreed to resume the negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement, stated the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha on Wednesday.

Free Trade Agreement (FTA) negotiations, including those on specific issues, are to be held considering the interest of either side, she said.

The commodities included / excluded in the FTA negotiations are to be finalized based on extensive consultations with the stakeholders, once negotiations resume, she added.

Review of the existing FTAs is an ongoing process to maximize country’s export potential to benefit the domestic industry, and to make the FTAs more user friendly, simple and trade facilitative, the minister informed the House.

 
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