India hopes to reach a “fair and balanced” trade agreement with the European Union (EU) by the end of December, the Minister of Commerce and Industry Piyush Goyal said on Tuesday. The comments arise while the 14th cycle of commercial talks between the two parties takes place in Brussels.Goyal said the negotiations would be postponed by the Secretary of Commerce, Rajesh Agrawal, who will go to the EU headquarters later this week.“There was a very good discussion between India and the EU in Brussels. Our whole team is there. We hope to work together in a spirit of in-depth understanding of the sensitivities of the other so that we can conclude a very fair, fair and balanced trade agreement between the European Union of $ 20 billion in 27 countries and India, the greatest economy of the fastest growth in the world today, “he said in Doha, as mentioned by and.He also stressed the forces that each side brings to the table. “Our talented and talented young population is an excellent resource for the European Union; They need talented young people, ”said Goyal. “The innovation and technology that the EU has has enormous potential for Indian companies. Together, the EU and Indian companies can take advantage of the forces from each other to serve the world more effectively. ”In the talks with the United States, Goyal said that the discussions were continuing at “different levels”, but the closure of the US government in progress has created an uncertainty at the time and where official meetings can occur, reported and.“Each possibility (for conferences) exists, but the American government is currently in closed mode. Keeping this in mind, it remains to be seen how, where and when the talks can take place,” he said.Meanwhile, India-US negotiations stalled after President Donald Trump imposed prices of 50% on several Indian products in August. This decision was partly a reciprocal measure and partly a response to the purchase of Russian oil by India. India has described the “unfair” prices but has not taken any reprisals so far, keeping the dialogue open.
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