STOCK MARKET BSE NSE

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

The negotiations between India and the European Union on a free trade agreement have been stalled since May 2013.

Published: 13th April 2021 06:15 PM  |   Last Updated: 14th April 2021 09:13 AM   |  A+A-

Union Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman (Photo | EPS)

By Express News Service

NEW DELHI:  Finance Minister Nirmala Sitharaman on Tuesday said that the stalled trade negotiation between India and European Union will resume next month during the leadership summit.  

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. During the meeting, she highlighted the significance of the visits between both the countries.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp