Commerce and Industry Minister holds video conference with Mr Maros Sefcovic, European Commissioner for Trade and Economic Security; Interinstitutional Relations and Transparency

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....ommerce and Industry Minister holds video conference with Mr Maros Sefcovic, European Commissioner for Trade and Economic Security; Interinstitutional Relations and Transparency <br>News and Press Release<br>Dated:- 20-12-2024<br><BR>Commerce and Industry Minister, Shri Piyush Goyal held a video conference with Mr Maros Sefcovic, European Commissioner for Trade and Economic Security; Interinstitut....

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....ional Relations and Transparency last night. This conference--the first introductory meeting between the two leaders after the assumption of the charge of the new European Commission of the European Union(EU) --was convened to discuss India-EU Free Trade Agreement (FTA) negotiations, High Level Dialogue, India-EU Trade and Technology Council, other high level engagements & trade and investment iss....

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....ues. The meeting was attended by senior officials from both the sides. The Commerce and Industry Minister welcomed that President Ursula von der Leyen was elected for a second mandate by the European Parliament in July 2024. He noted that Prime Minister Modi was given a historic and unprecedented third mandate by the people of India. With continuity and stability, both sides would strive to deepe....

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....n the relationship amidst growing uncertainty and turbulence. Shri Goyal congratulated the EU Trade Commissioner &Scaron;ef&#269;ovi&#269; on his new role in the European Commission and expressed confidence in working together to develop a new Strategic India-EU Agenda. Recognizing shared values of democracy and rule of law, the two leaders agreed to explore ways to ensure greater wealth and pros....

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....perity for about 2 billion people of India and the EU. Following nine rounds of intensive negotiations, FTA discussions require strategic political guidance to conclude a commercially significant and mutually beneficial agreement, with due consideration given to each side&#39;s sensitivities. Minister Goyal underlined that non-tariff barriers were impeding trade and emphasized the need to address....

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.... long pending issues as a confidence building measure. Both sides agreed to explore a balanced, equitable, ambitious and mutually beneficial FTA. The two leaders committed to schedule a bilateral visit to understand each other&#39;s sensitivities and concerns at a date convenient to both sides, through diplomatic channels.<BR> News - Press release - PIB....