Ursula von der Leyen with PM Modi
New Delhi: India and the European Union hope that their free trade agreement will be finalized soon, the Ministry of External Affairs said on Friday.
Mea Secretary (West), Tanmaya Lal, said that during the visit of the Commissioner College under the leadership of the Chairman of the European Commission, Ursula von deer leyenHe and Prime Minister Narendra Modi decided to direct his teams to finalize the India-European Union FTA within this year.
During the recent visit of the College of Commissioners, led by European Commission Chairman Ursula von Der Leyen, the two leaders decided to direct their teams to finalize the India-European Union FTA within this year. Instructions have been very clear. The conversation is going on and both teams are taking this process firmly forward. We are very hopeful that the FTA will be finalized soon, “Lal said.
Ursula von Der Leyen arrived in India in February this year and held a meeting with PM Modi. He committed his respective interaction teams to pursue negotiations for a balanced, ambitious and mutually beneficial FTA, which recognizes the centrality and importance of the India-European Union’s trade and economic relations.
The leaders asked the authorities to work as reliable partners to increase market access and overcome trade obstacles. He also tasked them to negotiate an agreement on investment protection and talk on an agreement on geographical signals.
Earlier, the European Union Ambassador to India Herway Delphin said the India-European Union Free Trade Agreement is gaining momentum due to the current global status, and while American mutual tariffs increase the discussions going on, they will not be a determination factors.
Automobiles, wine, and spiritous imports, despite disagreement on import duties, responding to questions about completing the deadline, highlighted a strong political commitment and determination between India and the European Union to finalize the agreement.
He said, “We would like to see the fruits of the crop by the end of the year and the next India European Union Summit. It has recently expressed the two leaders during the college visit. The political level is completely associated with regular contacts at the ministerial level.”
He focused on positive progress in recent discussions. The German Ambassador Philip Acmanman first indicated toi that the march talks were more encouraging than the first round.
