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India seeks balanced FTA with EU, aiming to boost trade and respect mutual sensitivities.
India's Commerce Minister, Piyush Goyal, is pushing for a balanced and comprehensive Free Trade Agreement (FTA) with the European Union.
The FTA negotiations have been ongoing for nine rounds but need political guidance to reach a meaningful deal.
Goyal emphasized respecting each other's sensitivities, especially regarding sustainability and the principle of Common But Differentiated Responsibilities.
The EU is India's largest trading partner, with bilateral trade reaching $137.41 billion in goods and $51.45 billion in services in 2023-24.
A successful FTA would help India expand and diversify its exports and strengthen its value chains.
La India busca un ALC equilibrado con la UE, con el fin de impulsar el comercio y respetar las sensibilidades mutuas.