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India, EU eye mutually beneficial FTA: Goyal
December 13, 2024
|Hindustan Times Jammu
NEW DELHI: India and the European Union (EU) are working towards a balanced, ambitious, comprehensive and mutually beneficial free trade agreement (FTA), said the ministry of commerce and industry in a statement on Thursday.
The statement said that while discussing the pact with a European Commission delegation, commerce and industry minister Piyush Goyal emphasised the need for political direction to achieve a commercially meaningful deal while addressing mutual sensitivities.
India and the EU have held nine rounds of negotiations. The latest round, held from 23 to 27 September 2024, made limited headway on key issues, such as rules of origin and government procurement.
The next round is expected in the first quarter of 2025.
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