Official India-EU Free Trade Agreement talks to begin this month: Center


India and the EU announced in May the resumption of negotiations for a free trade agreement

New Delhi:

Progress has been made on resuming India-EU free trade agreement negotiations and official talks will begin this month, Foreign Minister S Jaishankar said on Wednesday.

Addressing the annual Romanian diplomacy meeting, Jaishankar stressed that the strategic convergence between India and the EU is reflected in their positions on key regional and global issues, including Afghanistan and the Indo-Pacific .

There was a historic summit in May between Prime Minister Narendra Modi and the 27 leaders of the European Union in Portugal and one of its important outcomes is the resumption of FTA negotiations which have stalled since 2013 under the previous government, he said. .

“Not only has there been progress already in this regard and in fact official talks start this month,” Jaishankar said.

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India and the European Union announced in May the resumption of talks on a free trade agreement, eight years after its suspension, and agreed to launch negotiations for two key pacts on investment protection and geographical indications.

“We also agreed to quickly conclude an investment agreement and another on geographic indicators. The India-EU connectivity partnership is also important for its bilateral implications, quality connotations and third country possibilities,” said Jaishankar.

Affirming that India’s economic weight and political influence have already increased considerably, he pointed out that India is a member of the G20, non-permanent member of the Security Council, EAS, BRICS, SCO, QUAD, SAARC, BIMSTEC and IORA.

“So there is a long list. In our own neighborhood, the neighborhood policy pursued since 2014 has strengthened connectivity, contacts and commerce. India’s growth is a tide that lifts the region in its quest for prosperity. “, did he declare. .

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Jaishankar said that towards South East Asia and beyond, the “Act East” policy has added security, connectivity in a wider societal context to a strong economic partnership.

This has now developed into what has become an Indo-Pacific vision that looks at opportunities much more transparently, he said.

“To the west, a link-west perspective has actually transformed our ties with the Gulf states and shaped a strategic construct that goes beyond energy, trade and the diaspora. cooperation with various islands and riparian states, with Africa an ambitious development partnership and a larger footprint, ”Jaishankar said.

“I am sure that this will be duly noted by the Romanian diplomats. Between our national and European commitments, there is every reason to be optimistic about the continuation of our cooperation”, he declared.

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The COVID-19 pandemic has clearly made all nations of the world much more aware of external risks and vulnerabilities and has raised questions about centralized aspects of globalization, and has stressed the importance of trust and transparency, Jaishankar said.

One issue that has strongly emerged on the global agenda is the demand for resilient and reliable supply chains, he noted.

India and Romania have a significant convergence in our vision of the world and its contemporary challenges, affirmed the Minister of Foreign Affairs.

(Except for the title, this story was not edited by The Bharat Express News staff and is posted Platforms.)