Sachdev, in a conversation with ANI, said that after the agreement, the export of Indian goods and services to Europe is expected to go up to USD 250 to 270 billion.
External Affairs Minister S Jaishankar met and held talks with EU High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas today.
Costa and Von der Leyen were received by Minister of State for Commerce and Industry; and Electronics and Information Technology, Jitin Prasada and were accorded with Guard of Honour.
EU Commissioner for Trade and Economic Security, as well as Inter-Institutional Relations and Transparency, Maros Sefcovic met Union Minister of Commerce and Industry Piyush Goyal on Sunday after arriving in India.
He expressed gratitude following the meeting and spoke with certainty about
European Commission President Ursula von der Leyen arrived in New Delhi on a state visit ahead of the 77th Republic Day celebrations. India and the EU are set to hold a summit and move closer to a major trade agreement amid evolving global trade challenges.
Jaishankar also underscored the importance of deeper India-EU cooperation. "Made a case for stronger IN-EU relations that will - derisk the world economy by cooperating on resilient supply chains; reassure the international community by providing public goods like HADR, anti-piracy operation
The long-awaited Free Trade Agreement (FTA) between India and the European Union appears to be entering its final stages, with industry leaders and diplomats expressing high optimism during the World Economic Forum in Davos.
Ministry of External Affairs spokesperson Randhir Jaiswal said that the first meeting of the Joint Steering Committee (JSC) for India-European Union Trilateral Cooperation was held in New Delhi, marking an important step in strengthening the strategic partnership between India and the EU.