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Piyush Goyal to visit Brussels Oct 27-28 to push India-EU trade pact talks

Commerce and Industry Minister Piyush Goyal will visit Brussels on October 27 for talks with his EU counterpart to give political impetus to the proposed trade pact, as the deadline to conclude negotiations nears. 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. "The visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, balanced, and mutually beneficial trade agreement at the earliest," it said. The minister's visit aims to provide strategic direction and "political impetus" to the talks, it added. Discussions are expected to cover key areas of the proposed FTA, including market access, non-tariff measures, and regulatory cooperation. "The visit will also serve to review progress achieved so far and to identify areas requiring further convergence," the

High-level EU trade delegation to visit India next week to push FTA talks

A seven-member high-powered trade delegation of the European Union (EU) will visit India next week to push for finalising the long-awaited bilateral free trade agreement (FTA) between the two sides. The delegation of the EU Committee on International Trade will be in India from October 27 to 29 to discuss trade, economic and investment relations. It will be led by Cristina Maestre, the committee's standing rapporteur for India, and Brando Benifei. "The main objective of this visit is to contribute to increasing our mutual understanding amid intensive trade negotiations between the EU and India," Maestre and Benifei said in a statement. "The mission is timely taking place just a few months ahead of the deadline to conclude negotiations for a Free Trade Agreement (FTA) by the end of 2025," they said. "We look forward to discussing the issues at stake as both sides have a mutual interest in reaching a meaningful bilateral agreement and in protecting the rules-based multilateral trad

India, EU discuss resolution of pending issues in proposed trade pact

Commerce and Industry Minister Piyush Goyal on Wednesday said he held a meeting with EU Trade Commissioner Maros Sefcovic to discuss outstanding issues related to the proposed trade pact. The meeting was important as Goyal is scheduled to visit Brussels next week to give an impetus to the ongoing negotiations for the proposed trade agreement between India and the European Union. "Had a productive engagement focused on the positive resolution of the outstanding issues with respect to the India-EU FTA with Mr @MarosSefcovic, EU Commissioner for Trade and Economic Security, ahead of my Brussels visit starting next week," Goyal said in a post on X. Goyal's visit follows the conclusion of the 14th round of talks between the two sides from October 6 to October 10. Commerce Secretary Rajesh Agrawal has also held talks with European Commission (EC) Director General for Trade (DG-Trade) Sabine Weyand in Brussels. Engagements between the two sides have increased as they have decided to conc

EU member nations back EU-India strategic agenda to boost ties, cooperation

All the 27 member nations of the European Union have unanimously backed the block's new strategic agenda with India that seeks to significantly ramp up two-way ties in several key sectors such as defence, trade and technology. The new document was released by the European Commission and the EU high representative for foreign affairs and security policy Kaja Kallas last month. The European Council comprising representatives of all the EU member nations unanimously supported it on Monday, according to EU officials. The new strategic agenda is expected to be adopted at the India-EU summit that is expected to be held in New Delhi early next year. The new strategic agenda identifies five areas of shared interest that include security and defence, connectivity and global issues, prosperity, sustainability, technology and innovation. Beyond the bilateral dimension, the new strategic agenda highlights EU-India joint engagement on global issues and with third partners, reflecting India's .

India pleased with UK FTA; keen to have trade pact with US: Jaishankar

He said India should focus on signing FTAs with countries having predictable economies, and which are non-competing

EU launches new strategic agenda to deepen defence, trade ties with India

The European Union (EU) on Wednesday unveiled a new strategic agenda to significantly ramp up its engagement with India in a range of key areas such as defence, trade and energy, and to jointly tackle major global challenges. The EU said its closer partnership with India is increasingly becoming vital in the wake of the shifting geopolitical realities and that it is prudent for the two sides to strengthen economic growth and security. The 'New Strategic EU-India Agenda' marks a significant milestone in relations between the two sides as it aims to "deepen, broaden, and better coordinate" bilateral cooperation, enhance prosperity and security for both partners and help tackle major global challenges, it said. European Commission President Ursula von der Leyen said: "Now is the time to focus on reliable partners and double down on partnerships rooted in shared interests and guided by common values." "With our new EU-?India strategy, we are taking our relationship to the next level,"

India, Eurasian Economic Union sign terms to launch trade negotiations

Russia dominates grouping with more than 92% share in India's trade

India criticises EU sanctions on Russia, including Gujarat refinery

The "Government of India considers the provision of energy security a responsibility of paramount importance to meet the basic needs of its citizens," said MEA

India for balanced and ambitious FTA with EU, says EAM S Jaishankar

External Affairs Minister S Jaishankar urges early India-EU Trade and Technology Council meeting and emphasises global unity against terrorism and nuclear blackmail

India-EU trade pact to address tariff and non-tariff barriers equally

Commerce Minister Piyush Goyal says India-EU trade deal to focus on tariff and non-tariff barriers alike, with both sides targeting a meaningful pact by end of 2025

Carbon tax's WTO test and opportunities for better India-EU trade terms

The WTO does not have any specific agreement on environment. However, Article XX of the General Agreement on Tariffs and Trade (GATT) allows exceptions to free trade with adequate safeguards

PM Modi, EC chief Von Der Leyen hold talks to bolster India-EU partnership

Prime Minister Narendra Modi on Friday held talks with European Commission President Ursula von der Leyen, focusing on imparting fresh momentum to the India-European Union (EU) strategic partnership. The two sides are expected to take stock of the ongoing negotiations to firm up an ambitious trade deal as well as explore ways to boost trade and investment ties. Von der Leyen, accompanied by the EU College of Commissioners or senior political leaders of the bloc, arrived here on Thursday on a two-day visit. "This world is fraught with danger. But I believe this modern version of great power competition is an opportunity for Europe and India to re-imagine their partnership," she said at a think-tank ahead of her talks with PM Modi. "In many ways, the EU and India are uniquely placed to respond to this challenge together," she said. The two sides are also expected to deliberate on the Russia-Ukraine conflict, the situation in the Indo-Pacific and developments in West Asia. A joint .

Now is not the time to limit India-EU cooperation, says Von Der Leyen

India and the EU are eyeing to seal by this year a free trade deal that would be the largest of its kind globally, European Commission president Ursula von der Leyen said on Friday, asserting that the two sides must take the strategic ties to the "next level" to effectively navigate geopolitical challenges. In a keynote address at a think-tank, Von der Leyen announced that the European Union is exploring a future 'Security and Defence Partnership' with India in the mould of the pacts it has with Japan and South Korea. The top European leader explained how the world is fraught with "danger" and that the modern version of great power competition is an opportunity for Europe and India to "reimagine" their partnership. Her comments came amid increasing strain in ties between the European Union and the US over trade and tariff as well as on the Russia-Ukraine conflict. "Over the last 30 years we have done a lot together. But in truth we have only been scratching the surface of the ...

EAM S Jaishankar, Piyush Goyal attend 2nd India-EU trade, technology meet

In a Joint Press release in February 2023, India and the EU announced the establishment of the three Working Groups under the India-EU Trade and Technology Council and their Terms of Reference (TTC)

European Commission Prez arrives in Delhi, says India is trusted friend

On her arrival, the President of the European Commission was accorded a warm and special welcome and was received by Minister of State for Health and Family Welfare Anupriya S Patel

India-EU agree to strengthen ties on smart and sustainable urbanisation

Building on the 2017 joint declaration on partnership for smart and sustainable urbanisation, the 4th India-EU Urban Forum was held on Thursday, marking a significant milestone in the EU-India collaboration on sustainable urban development, a statement stated. The statement stated that the event brought together officials and experts from India, the European Union (EU) and its Member States to discuss policies and best practices to work towards integrated approaches to sustainable urban development, reinforcing the EU's global gateway strategy in India. "The forum explored transformative initiatives and innovative financing mechanisms to foster gender-inclusive, resilient, and sustainable urban development, focusing on three key themes: Urban alliance and integrated approaches in Indian cities, promoting innovation and circularity at the city level, and inclusive urban mobility as a social enabler," the Union Housing and Urban Affairs Ministry said in statement. The EU-India ...

India lays stress on 'transition period' for European Union green norms

India-EU FTA was launched in June 2022. Nine rounds of negotiations have already taken place

Ahead of 2025 summit, India, EU to hold strategic foreign policy dialogue

India and the European Union on Tuesday agreed to hold the first-ever ministerial strategic foreign policy dialogue soon to jointly navigate an array of critical challenges including geo-political tensions and Chinese belligerence in the Indo-Pacific and beyond. The decision to institute the strategic dialogue was taken during a phone conversation between External Affairs Minister S Jaishankar and his counterpart from the 27-nation bloc Kaja Kallas. In a post on 'X', Kallas, the EU High Representative for Foreign Affairs and Security Policy, said it was agreed to hold the first ministerial strategic foreign policy dialogue soon. The move to hold the dialogue comes months before India and the EU hold summit-level talks in New Delhi that is expected to see significant outcomes in terms of deepening of cooperation in a range of areas such as security, digital public infrastructure and trade. It is expected that the dialogue at the level of foreign ministers of the two sides will provi

Retaliatory tariff on European Union: India to firewall local biz

The government's policy decision aims to avoid hurting the local industry by imposing higher import duty on key raw materials or intermediate goods from the trade bloc

India-EU leaders flag slow progress in free trade agreement talks

Delphin and Goyal also highlighted the need to resolve constraints and regulatory hurdles faced by companies while doing business in India and the EU, respectively