The two leaders examined the progress in the commercial and investment group of the Indian Council – European Union (EU) (TTC), agreed to solve the inherited problems and put a roadmap for continuous consultations between senior officials On both sides and at the ministerial level, said the Ministry of Commerce and Industry in a press release.
The Indian Minister of Commerce, Piyush Goyal, met the EU trade commissioner Maros Sefcovic in Brussels (January 18-19) to advance commercial and investment links, accelerate an ALE and establish an strategic program. They have examined the progress of the India-EU TTC, solving inherited problems. India seeks fair trade, technological collaboration, resilience of the supply chain and sustainable growth, promoting mutual development.
The dialogue aimed to set up a new framework for the strategic program of India-EU in trade and investment. The Indian Minister underlined the commitment of the government of Prime Minister Narendra Modi to transform India into a country developed by 2047. Goyal described the general principles to build a mutually beneficial partnership between India and the European Union .
India aims to strengthen its partnership with the European Union (EU) on the basis of the shared values of democracy, the rule of law and an independent judicial system, promoting an economic relationship which integrates their combined market as 24 dollars, added the release.
It seeks to establish a commercially significant and fair trade program, to tackle the tariff and non -tariff obstacles for companies, in particular small and medium -sized enterprises (SMEs), farmers and fishermen. By aligning the “zero defect, zero effect” vision, India will collaborate with the EU to harmonize standards and exchange best practices.
In addition, the two partners will work on the development of advanced technologies, the securing of critical raw material supplies channels and the reduction of dependencies on non -commercial economies. Cooperation will extend to trade and sustainable development, respecting different levels of progress and shared responsibilities. As a nation focused on technology with a young and qualified workforce, India aspires to become a bridge for mutual growth and development with the EU.
Fiber2FASHION NEWS DESK (SG)
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