The Minister of Trade and Industry of the Union, Piyush Goyal, held a key meeting with the Commissioner of the European Union for Trade and Economic Safety, Maros Sefcovic, in Brussels to discuss the progress of the Indian-EU (ALE) free trade agreement.
During the meeting, the two parties reaffirmed their commitment to conclude the long -awaited trade agreement by the end of 2025.
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India has stressed that significant progress in commercial negotiations require equal emphasis on non -tariff obstacles (TNT) as well as tariff discussions and regulatory managers must be inclusive, proportionate and avoid restricting trade.
The India-EU FTA aspires to reflect the evolutionary realities of global trade by supporting the digital transition, by promoting diversified and resilient supply chains, said the Ministry of Commerce and Industry in a press release.
By taking him to the social media platform X, Piyush Goyal described dialogue as “very productive”, saying that he helped redefine the India-UE partnership. “Reunion has focused on improving market access for companies in both regions and strengthening trust and diversified supply chains.
The two parties have expressed the optimism that the agreement, once concluded, will serve as a transformative pillar of the broader strategic partnership of the EU-EU, to improve market access, to support regulatory cooperation and to promote innovation and competitiveness on both sides.
The leaders of the two parties recognized the crucial role of the investment flows and mobility of people to people in maintaining economic vitality.
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