The Commerce and Industry Minister, Piyush Goyal, announced that discussions for a trade deal between India and the European Union are in the final phase. Simultaneously, negotiations are ongoing with the United States for a bilateral trade agreement. Goyal shared this information while speaking at the Regional MSME Conclave in Rajkot.
Following high-level discussions in Brussels with the EU Trade and Economic Security Commissioner, Maros Sefcovic, Goyal emphasized India’s push for zero-duty access in sectors like textiles, leather, apparel, gems, jewelry, and handicrafts. The aim is to secure a mutually beneficial India-EU Free Trade Agreement (FTA).
Goyal highlighted the commitment to a rules-based trading framework and a modern economic partnership that protects the interests of farmers and MSMEs. He mentioned that the dialogue with the EU covered various aspects of the proposed agreement, focusing on integrating Indian industries into global supply chains.
The Minister’s statement coincided with the announcement by the new US Ambassador to India, Sergio Gor, regarding the upcoming round of talks between India and the US. Gor emphasized the strong friendship between President Donald Trump and Prime Minister Narendra Modi, highlighting the importance of trade in bilateral relations. Additionally, he underscored collaboration in critical areas such as security, counter-terrorism, energy, technology, education, and health.
