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.