The Indian Commerce and Industry Minister Piyush Goyal signed a free trade agreement (FTA) with the European Union, with the minister expressing high expectations for the pact. The FTA is expected to be signed by the end of this year and may be implemented next year.
Key points
The FTA between India and the European Union is expected to be signed by the end of this…: The FTA between India and the European Union is expected to be signed by the end of this year and may be implemented next year.
The minister expressed high expectations for the potential business opportunities between…: The minister expressed high expectations for the potential business opportunities between India and Europe.
The Indian Commerce and Industry Minister Piyush Goyal signed the FTA with the European U…: The Indian Commerce and Industry Minister Piyush Goyal signed the FTA with the European Union.
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He said ports and countries must work together in a global economy, adding that these were among the topics he discussed with India’s Commerce and Industry Minister Piyush Goyal, who visited the port on Sunday.
"... making sure that the goods can flow more easily between India and Europe is something that we will be working on," he told reporters here at the port, as per PTI.
On his expectations from the free trade pact, he said: "I have very high expectations from the FTA, and I think with the developments in India going on, the potential is huge. And I think Europe is really looking forward to doing more and more business with India".
India and the 27-nation European Union in January announced that negotiations for the pact had concluded and the deal is expected to be signed by the end of this year and may be implemented next year.
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