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“Glorious assembly with Minister Goyal @PiyushGoyal from India. Will formally launch Free Commerce Settlement negotiations very quickly,” in accordance with a tweet by Dombrovskis.
Glorious assembly with Minister Goyal @PiyushGoyal from India. โ
Will formally launch ๐ช๐บ๐ฎ๐ณ Free Commerce Settlement neโฆ https://t.co/3827oe0QA1
โ Valdis Dombrovskis (@VDombrovskis) 1653474456000
India’s Commerce Secretary BVR Subrahmanyam in April had mentioned that India and the 27-nation European Union (EU) will restart negotiations for his or her long-pending free commerce settlement in June.
The proposed settlement, formally dubbed as Broad-based Commerce and Funding Settlement (BTIA) between India and the EU has been stalled since Could 2013 as a result of a number of points.
BTIA is a proposed complete free commerce settlement being negotiated by the 2 sides.
India’s merchandise exports to EU member nations stood at about USD 65 billion in 2021-22, whereas imports aggregated to USD 51.4 billion.
