Asked about the status of the agreement with the EFTA last week, the Indian Minister of Commerce, Piyush Goyal, said that he “progressed very quickly”.
He added that there was a strong political support for the agreement and that he had “erased an important obstacle” in Switzerland, with the expected implementation by the end of 2025.
Observers say that Europe is preparing for a more distant relationship with Washington after Trump has become the next US president, who will stimulate the region’s efforts to forge closer relations with India.
“According to the Minister’s statement, it is very clear that the Indian government will conclude (one Ale with) EFT soon. This can bring greater thrust to the commitment of India-EU (for a similar agreement), “TS Vishwanath, principal advisor at International Trade Consultancy Asl-Legal, told New Delhi.
On Tuesday, Indian Prime Minister Narendra Modi published a statement to congratulate Antonio Costa to have become president of the European Council.
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