New Delhi, Oct 29 (UNI) union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, today met with the Committee on International Trade Affairs (INTA) from the European Parliament in New Delhi, a statement from her ministry today said. The meeting focuses on enhancing India-EU trade and investment ties. Both sides expressed interest in deepening and mutually beneficial cooperation.
The meeting comes as India and the EU are in the middle of working towards resuming talks on a free trade agreement (FTA). Commerce and Industry Minister Piyush Goyal recently had “intense but very productive” engagements with EU Commissioner for Trade and Economic Security Maros Sefcovic, indicating progress in the negotiations.
The India-EU FTA negotiations have been ongoing for several years, with both sides aiming to conclude a comprehensive and mutually beneficial trade agreement. The European union is India’s largest trading partner, with bilateral trade valued at over $1 billion per day. Strengthening trade ties between India and the EU is expected to boost economic growth, create jobs, and increase investment opportunities.
Piyush Goyal’s recent statement highlights the commitment to advancing the India-EU FTA: “Concluded my visit to Brussels, after intense but very productive engagements with Maros Sefcovic, EU Commissioner for Trade and Economic Security, on advancing a comprehensive India–EU FTA. The talks have significantly reduced our outstanding issues and allowed us to create the framework that will help deliver a win-win for our economies.”
