Ursula von der Leyen with PM Modi
New Delhi: India and the European Union hope that their free trade agreement will soon be finalized, the Ministry of External Affairs announced on Friday.
MEA secretary (West) Tanmaya LAL said that during the visit of the college of commissioners led by the president of the European Commission, Ursula von der LeyenShe and Prime Minister Narendra Modi decided to ask their teams to finalize the Indian-EU FTA during this year.
During the recent visit to the College of Commissioners led by the president of the European Commission, Ursula von der Leyen, the two leaders had decided to ask their teams to finalize the Indian-EU FTA during this year. The instructions were very clear. The negotiations are underway and the two teams advance the process. We hope the FTA will be finalized soon, “said LAL.
Ursula von der Leyen arrived in India in February this year, and held a meeting with Prime Minister Modi. They have undertaken to work on their respective negotiation teams to pursue negotiations for a balanced, ambitious and mutually beneficial ALE in order to conclude them during the year, recognizing the centrality and the importance of the growth of trade in India-EU and economic relations.
The managers asked managers to work as a trusted partners to improve market access and remove commercial barriers. They also responsible for advancing negotiations on an agreement on the protection of investments and an agreement on geographic indications.
Earlier, the EU ambassador to India Herve Delphin said that negotiations from the India-EU free trade agreement were gaining momentum due to the current global situation, and although American reciprocal prices strengthen in progress, they will not be the determining factor.
Answering questions about respecting the deadline despite disagreements on the import rights of the automobile, wine and spirits, Delphin underlined the strong political commitment and the determination between India and the EU to finalize the agreement.
He said: “We would like to see the fruits of the harvest by the end of the year and the next summit of India.
He noted positive progress in recent discussions. The German ambassador Philip Ackermann had previously told you that the negotiations of March were more encouraging than the previous towers.
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