The two leaders reviewed the progress made in the India-European Union (EU) Trade and Investment Group (TTC), agreed to resolve legacy issues and established a roadmap for continued consultations between senior officials from both parties and at ministerial level. , said the Ministry of Trade and Industry in a press release.
Indian Commerce Minister Piyush Goyal met with EU Trade Commissioner Maros Sefcovic in Brussels (January 18-19) to advance trade and investment ties, accelerate the conclusion of an FTA and set an agenda strategic. They reviewed the progress made under the India-EU TTC, addressing legacy issues. India seeks fair trade, technology collaboration, supply chain resilience and sustainable growth, promoting mutual development.
The dialogue aimed to establish a new framework for the India-EU strategic trade and investment agenda. The Indian minister highlighted the commitment of Prime Minister Narendra Modi’s government to transform India into a developed country by 2047. Goyal outlined the main principles for building a mutually beneficial partnership between India and the European Union .
India aims to strengthen its partnership with the European Union (EU) based on shared values of democracy, rule of law and an independent judiciary, fostering an economic relationship that integrates their combined 24-member market. 000 billion dollars, adds the press release.
It aims to establish a commercially meaningful and equitable trade program, eliminating tariff and non-tariff barriers for the benefit of businesses, particularly small and medium-sized enterprises (SMEs), farmers and fishermen. Aligning with the vision of “zero defect, zero effect”, India will collaborate with the EU to harmonize standards and exchange best practices.
Additionally, both partners will work to develop cutting-edge technologies, secure supply chains for critical raw materials and reduce dependence on non-market economies. Cooperation will extend to trade and sustainable development, respecting different levels of progress and shared responsibilities. As a technology-driven nation with a young and skilled workforce, India aspires to become a bridge of mutual growth and development with the EU.
Fibre2Fashion Press Office (SG)
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