Udayavni Special

Negotiations on India-EU trade deal to resume next month: FM

PTI, Apr 13, 2021, 5:20 PM IST

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said resumption of formal negotiations on India-EU trade deal during the leadership summit next month would help further strengthen ties with the European Union.

The negotiations between India and the European Union on a free trade agreement have been stalled since May 2013, when both sides failed to bridge substantial gaps on crucial issues, including data security status for the IT sector. The negotiations with the 27-nation grouping were launched in June 2007.

During the bilateral meeting with Portugal Foreign Affairs Minister Augusto Santos Silva, Sitharaman said that resumption of formal negotiations on both Trade and Investment agreements at the leaders” meeting of India and EU on May 8 in Porto, Portugal would be a notable success for the Portuguese Presidency of the Council of EU.

“FM @nsitharaman also underscored on the need to build on historic bilateral ties based on stronger economic and financial links befitting a 21st century partnership built on mutual trust and equal commitment,” the finance ministry said in a tweet.

During the meeting, the finance minister highlighted the significance of the high-level visits between both countries during recent years which resulted in the addition of several agreements and outcomes, thereby transforming the historical relationship into a modern 21st-century partnership.

“FM @nsitharaman lauded the excellent bilateral relations between India & Portugal with shared history, culture and people-to-people ties. The two democracies focused on boosting economic growth, investment, industry and innovation is also a testament to these shared values,” another tweet said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Fully vaccinated people in US not required to wear masks: CDC

Peak will come, Covid-19 can emerge again, says Centre

No weekend Curfew in DK; lockdown-like restrictions remain

EC to set up ‘core committee’ to identify shortcomings during recently-held assembly polls

Task Force set up to oversee preparation for probable third wave of COVID-19: BSY

COVID-19: Karnataka reports 35,297 new cases, 344 deaths

Beltangady: Six arrested for illegal sand mining at Netravati

Related Articles More

Garudavega ships oxygen concentrators to India

Ethereum founder donates USD 1.14 Billion in crypto to India

India received USD 83 billion in remittances in 2020: World Bank report

Reliance Jio adds 4.2 million subscribers in February: Trai data

Microfinance sector seeks RBI’s additional support to combat COVID-19 second wave


Covid Impact on the Sandalwood Industry

ರಾಬರ್ಟ್ ಚಿತ್ರ Tonic ಆಯ್ತು

Groom Plays The Band At His Own Wedding

Outrage at Dictatorial Attitude: Mass Resignation from Doctors in Unnao

BMTC launches Oxygen Bus Service

Latest Additions

Fully vaccinated people in US not required to wear masks: CDC

Peak will come, Covid-19 can emerge again, says Centre

Israel begins firing shells into Gaza as fighting escalates

Bantwal: Case registered against COVID-19 +ve man for attending marriage

DK DC bans sale and public consumption of tobacco

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.