India, European Union resume talks for free trade agreement after over eight years
The Hindu
“Today we formally resume EU-India negotiations towards a free trade agreement, and begin negotiations on an investment protection agreement and an agreement on geographical indications,” EU trade commissioner Valdis Dombrovskis said
India and the European Union (EU) finally restarted the negotiations for the long-pending trade and investment agreement on Friday after a gap of over eight years.
The negotiations took place in Brussels, over a year after India and the EU announced to resume the talks for a balanced and comprehensive trade pact.
"Minister (Piyush) Goyal and I have just concluded a productive meeting. Today we formally resume EU-India negotiations towards a free trade agreement, and begin negotiations on an investment protection agreement and an agreement on geographical indications," EU trade commissioner Valdis Dombrovskis said.
In a statement, he described the EU's partnership with India as "one of the most important relationships" for the 27-nation bloc for the upcoming decade.
Mr. Dombrovskis said the next round of negotiations on the FTA will take place from June 27 to July 1 in New Delhi.
"We are pursuing an ambitious timeline, and we aim to conclude the talks by the end of 2023. These far-reaching negotiations on trade, investment protection and geographical indications open a new and exciting chapter in EU-India relations," the EU trade commissioner said.
"Together, we aim not only to boost economic growth and job creation, but also promote our shared values, work to protect the climate, and secure our supply chains," he added.
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