The Indian Minister of Commerce, Piyush Goyal, will meet the EU trade commissioner on February 28 to discuss the means of stimulating trade and reviewing the progress of the proposed free trade agreement.
The two parties are likely to review the progress of talks for the proposed free trade agreement, which is being negotiated.
There is significant progress in negotiations for the agreement, which aims to stimulate bilateral and investment trade, said the official.
Goyal was in Brussels last month to meet the European Commissioner for Trade to take stock of the progress of talks.
These meetings are important because the two parties hold the 10th round of talks for the pact from March 10 to 14 in Brussels.
In the ninth round, the two parties discussed commercial problems covering goods, services, investment and public procurement as well as the necessary rules such as the rules of origin, SPS (health and phytosanitary) and technical obstacles to trade.
In June 2022, India and the EU block in 27 countries resumed negotiations after a gap of more than eight years. He was blocked in 2013 due to differences on several questions.
Total trade amounted to USD 180 billion in 2023-24. India exported USD 75.18 billion in goods and $ 31.13 billion in EU, while the EU exported $ 63.44 billion to product and $ 31.35 billion in service In India.
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