India and the European Union will begin the 14th round of negotiations in Brussels today to finalise the Free Trade Agreement. The fresh round of talks between senior officials will extend over a period of five days. This will be followed up by another meeting between Commerce Minister Piyush Goyal and his EU counterpart Maros Sefcovic in South Africa on the sidelines of the G20 trade commissioners’ summit.
EU Ambassador Hervé Delphin stressed that India and the EU should use the free trade agreement to increase bilateral trade and investment amid the global uncertainties over tariffs. He said the FTA has the potential to open new opportunities by significantly increasing bilateral trade and investment. He highlighted that EU President Ursula Von Der Leyen and Prime Minister Narendra Modi have set the goal to conclude the FTA by the end of this year. Recently, Commerce and Industry Minister Piyush Goyal said that the government is committed to achieving a balanced and mutually-beneficial FTA between India and the EU.
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