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

Bantwal: Harassed by son, daughter-in-law, elderly woman rescued by senior citizen committee

Dilip Ghosh’s ‘unsavoury’ comments against Mamata triggers row, TMC demands action against BJP leader

Shops, push carts set ablaze in violent clash at Bagalkot; Sec 144 imposed till Fri, holiday for schools, colleges

‘Watchman ‘ cable TV operator examined during trial in Gauri Lankesh case

Bantwal shed collapse: Death toll reaches 3

Fire breaks out at supermarket in Mumbai; no casualty

Bommai congratulates Dr Veerendra Heggade for nomination to Rajya Sabha


Related Articles More

RBI liberalizes norms to boost forex inflows

Gold falls Rs 760; silver tumbles Rs 1,276

Housing sales in Jan-Jun at 9-yr high in top 8 cities; sales see 60 pc annual growth: Knight Frank

SpiceJet shares slide 7 pc; hit 52-week low level

Industry body CII pitches for simplification of GST, reduction in tax slabs

MUST WATCH

Rivers entered the temple premises!

Chandrashekhar guruji case : accused arrested

NEWS BULLETIN 05-07-2022

Heavy Rain : Huge Rock fall in road at madikeri

Land Slide Karnataka Kerala Road Close


Latest Additions

Bantwal: Harassed by son, daughter-in-law, elderly woman rescued by senior citizen committee

Dilip Ghosh’s ‘unsavoury’ comments against Mamata triggers row, TMC demands action against BJP leader

Shops, push carts set ablaze in violent clash at Bagalkot; Sec 144 imposed till Fri, holiday for schools, colleges

‘Watchman ‘ cable TV operator examined during trial in Gauri Lankesh case

Contact restored with NASA spacecraft headed to lunar orbit

Thanks for visiting Udayavani

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