India’s trade and economic ties with the EU are set to strengthen4 min read 17 May 2023, 11:40 PM IST
Piyush Goyal’s Brussels visit covers a range of issues with high potential to boost bilateral relations
India and the EU, as two large democratic areas , have a long history of shared values, political exchanges and common interests. In 2022, the two economies celebrated 60 years of their relationship with the relaunch of talks on a bilateral trade agreement. Both sides have agreed to fast-track talks with a target of concluding a trade deal by the end of 2023. The latest Brussels visit of Union minister for commerce and industry Piyush Goyal has added momentum to the negotiations and provided India a platform to work with the EU to resolve sensitive issues, including market access barriers. It will help build a consensus for a balanced and meaningful trade agreement, which will enhance our exports and lead to economic growth and employment on both sides. As one of the world’s fastest growing economies, India offers EU investors an attractive alternative market to China.