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EU-India

India makes the first move on trade and investment agreement with EU

India wants negotiations on bilateral trade and free trade agreement with EU to be pursued parallelly and concluded soon. Union commerce and industry minister Piyush Goyal has written to his counterpart Valdis Dombrovskis last week to initiate the process for resumption of trade & investment negotiations following a decision in this regard arrived at the India-EU Leaders' Summit on May 8. This would involve setting up negotiating groups on different tracks and to begin formal engagement by the two sides. A decision to resume negotiations was a key deliverable of the Porto Summit on 8 May.

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