India makes first official move to restart FTA talks with EU

Thursday, 20 May 2021 15:03:46 (GMT+3)   |   Kolkata
       

After an eight-year hiatus, the Indian government has made the first official move seeking the resumption of India-EU talks on a free trade agreement (FTA), a government official said on Thursday, May 20.

The official stated that India’s minister for commerce, Piyush Goyal, last week officially communicated with his EU counterpart, Valdis Dombrovskis, seeking to restart talks on the FTA, a development which had been decided earlier this month at an India-EU Leadership Summit.

The resumption of talks will require the setting up of negotiating groups on different issues to begin formal engagements between the two sides, the official said.

The negotiations towards the India-EU Bilateral Trade and Investment Agreement (BTIA) were started in 2007 but suspended in 2013 after 16 rounds of talks.


Similar articles

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

India’s GAIL to commission country’s first green hydrogen plant in April

27 Mar | Steel News

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Ex-India billet prices stable, but buyers try to push below $490/mt FOB

27 Mar | Longs and Billet

India’s JSL and IIT ink pact to collaborate on R&D and production of primary alloys

27 Mar | Steel News

Ex-India HRC prices soften slightly amid slow demand globally

26 Mar | Flats and Slab

India’s coking coal imports from Russia hit peak in April-February of FY 2024-24

26 Mar | Steel News

India’s SEML subsidiary secures mining rights to iron ore block

26 Mar | Steel News

Local Indian rebar prices fall more rapidly amid sharp slowdown in procurement by large projects

26 Mar | Longs and Billet