India, EU working to conclude FTA by year-end: EU ambassador

Describing India as an attractive market, the European Union (EU) said the negotiating teams of the two sides are working hard to deliver on the commitment of EU President von der Leyen and Prime Minister Narendra Modi to conclude a Free Trade Agreement (FTA) by the end of the year.

- STATESMAN NEWS SERVICE

Terming the EU as India’s top trading partner, with bilateral trade in goods reaching EUR 120 billion, well ahead of the US and China, EU Ambassador Hervé Delphin said, “Bilateral trade has reached EUR 180 billion. There is huge potential for growth considering that the EU and India are the 2nd and 4th largest economies in the world. To unlock this untapped potential, the EU and India are negotiating the Free Trade Agreement (FTA).”