Union Minister of Commerce and Industry, Piyush Goyal, held a key meeting with European Union Commissioner for Trade and Economic Security, Maros Sefcovic, in Brussels to discuss the progress of the India-EU Free Trade Agreement (FTA).
Calling India and the European Union (EU), like-minded partners and highlighting the increase in partnership between the two for the finalisation of the Free Trade Agreement (FTA), Carnegie Europe Director Rosa Balfour shared the nuances for the FTA on the sidelines of the Carnegie Global
German Ambassador to India and Bhutan, Philipp Ackermann, said that Prime Minister Narendra Modi and the President of the European Commission, Ursula von der Leyen have agreed to negotiate a Free Trade Agreement (FTA) by the end of this year.
He expressed happiness over US President Donald Trump's decision to enforce a 90-day pause on wide-ranging tariffs and lower the reciprocal tariff on India and other countries that have initiated trade talks with the United States during this period to 10 per cent.
The India-European Union Free Trade Agreement (FTA) negotiations have gained momentum, with both sides aiming to conclude a substantial deal by the end of the year, Herve Delphin, Ambassador of the European Union to India and Bhutan, said on Friday.
Jon Simonsson, Senior Director at the Prime Minister's Office, Sweden, said on Friday that the European Union has the "political will" to negotiate a Free Trade Agreement with India.
As US President Donald Trump announced pause on tariffs for 90 days for trade negotiations, India should avoid signing a comprehensive Free Trade Agreement (FTA) with the United States, as it may require India to make harmful trade-offs, suggests Global Trade Research Initiative (GTRI).
Addressing a press briefing on Wednesday, Jaiswal said that seven rounds of talks between India and UK have been held and both sides are keen to take these negotiations forward.
Speaking at FICCI's 98th Foundation Day celebrations in Mumbai, Minister Goyal invoked Mahatma Gandhi's nationalist ethos, urging India's industrial leaders to prioritise domestic value chains even when foreign alternatives appear more economical in the short term. He cited examples of Japan