During the meeting, the Ministers reviewed the progress made under the CECA negotiations and discussed pathways to elevate bilateral trade and economic partnerships
The fourth round of negotiations on the India-New Zealand Free Trade Agreement (FTA) concluded on November 7, in Auckland and Rotorua
Commerce Minister Piyush Goyal said India will not compromise on sensitive sectors like dairy and MSMEs in its proposed trade pact with New Zealand, where talks have seen major progress
Goyal, will be in Auckland on November 5 to engage in discussions with Todd McClay, Minister for Trade of New Zealand, on the ongoing FTA (Free Trade Agreement) negotiations
Issues which needs resolutions include steel, auto and EU's carbon tax
The US accounts for 37 per cent of India's total exports of precious stones and 28 per cent shipments of gold jewellery
Once completed, the travel time from Nariman Point to Virar is expected to be reduced to just 35 to 40 minutes
At a meeting with exporters, Goyal reviewed FTA talks with EU, Chile and New Zealand, and discussed challenges from US tariffs and quality control orders
Piyush Goyal said the clarion call to promote swadeshi products is not just about making in India, designing or developing in India as it is key for the country's long-term growth and sovereignty
Piyush Goyal says the entire Rs 10,000-crore Startup Fund of Funds will go to deep-tech ventures to help Indian founders retain ownership and reduce early foreign equity sales
During the two-day visit, Goyal will meet Executive Vice-President and European Commissioner for Trade of the European Union Maros Sefcovic, the commerce ministry said on Sunday
Goyal has also met with Rene Obermann, Chairman of the Board of Directors of Airbus. Goyal was impressed by Obermann's confidence in India's growth story
Piyush Goyal made these remarks while speaking at the Berlin Global Dialogue, adding that New Delhi would take a measured approach
Goyal met Levin Holle, Economic and Financial Policy Advisor at the Federal Chancellery and Germany's G7 and G20 Sherpa, and discussed ways to further deepen the bilateral economic relationship
Last week, a team of officials from the Department of Commerce, including Commerce Secretary Rajesh Agrawal, was in Washington, to reach an early conclusion of the proposed trade agreement
The government has launched initiatives, like a production-linked incentive scheme to boost domestic manufacturing, and a policy to promote semiconductor production in the country
Germany is a member of the 27-nation bloc, European Union. India and the EU are negotiating a trade agreement
Disagreements relate to market access for goods and also investment, trade, and sustainable development
He said the world is currently volatile, marked by numerous uncertainties, challenges, and ambiguities in the global trading system
Even in turbulent times, Foreign Direct Investment (FDI) continues to flow robustly, the minister said