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Will formally launch free trade negotiations with India very soon: EU

European Union Executive Vice-President and Trade Commissioner Valdis Dombrovskis has said the EU will formally launch negotiations for the proposed free trade agreement with India "very soon"

Topics
free trade agreement | European Union | India

Press Trust of India  |  New Delhi 

European Union
European Union

Executive Vice-President and Trade Commissioner Valdis Dombrovskis has said the EU will formally launch negotiations for the proposed with "very soon".

He has held a meeting with Commerce and Industry Minister Piyush Goyal on the sidelines of the WEF meet in Geneva.

"Excellent meeting with Minister Goyal @PiyushGoyal from . Will formally launch negotiations very soon, according to a tweet by Dombrovskis.

India's Commerce Secretary BVR Subrahmanyam in April had said that and the 27-nation (EU) will restart negotiations for their long-pending in June.

The proposed agreement, officially dubbed as Broad-based Trade and Investment Agreement (BTIA) between India and the EU has been stalled since May 2013 due to several issues.

BTIA is a proposed comprehensive free trade agreement being negotiated by the two sides.

India's merchandise exports to EU member countries stood at about USD 65 billion in 2021-22, while imports aggregated to USD 51.4 billion.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, May 26 2022. 13:37 IST
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