EU team to visit India next week to discuss FTA
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NEW DELHI: The negotiating teams of India and the European Union are making good progress on tariff-related issues and an EU delegation will visit here next week to further iron out differences for an early conclusion of the proposed free trade agreement (FTA), according to officials.
Commerce and Industry Minister Piyush Goyal was in Brussels to hold discussions with EU Commissioner for Trade and Economic Security Maros Sefcovic and give an impetus to the negotiations. His official team accompanied Goyal.
Addressing the media in Brussels after the talks, Sefcovic said that European Commission Director General for Trade Sabine Weyand will visit New Delhi next week with a view to concluding the technical tariff negotiations.
"I very much appreciate that we engage in full transparency and trust, and we've been able, with this spirit, to also catch up on the more sensitive issues, even though, of course, further work is required, and I am glad to report that we've been able to progress substantially across a number of areas.
"On industrial tariffs. We have given concrete guidance to our team," he said.
Sefcovic added that beyond the area of tariffs, both sides have made good progress on measures that will further facilitate bilateral trade and investment between India and the European Union.
