Latest news with #India-EUFreeTradeAgreement
The Print
2 days ago
- Business
- The Print
French trade minister meets Piyush Goyal, says France one of India's best economic partners
'With my Indian counterpart Piyush Goyal, I reaffirmed a conviction: France is one of India's best economic partners… Reforms, stability, innovation, access to EU and India markets: there's everything to strengthen our bilateral relationship,' Saint-Martin stated in a post on X. The minister highlighted the potential to further strengthen bilateral ties through 'reforms, stability, innovation, and enhanced market access to the EU and Indian markets.' Paris : French Foreign Trade Minister Laurent Saint-Martin on Tuesday reaffirmed the 'conviction' that France is one of 'India's best economic partners' after his meeting with Union Commerce and Industry Minister Piyush Goyal in Paris. Following his meeting with Goyal, Saint-Martin also expressed optimism about the ongoing India-EU Free Trade Agreement (FTA) negotiations, anticipating a possible agreement in the coming weeks or months. 'It's important to demonstrate that we believe in free trade, not trade wars,' he stressed. 'Minister Goyal arrived with a strong business delegation – over 50 companies, which is significant. At a time when global trade is facing challenges, we believe it's crucial for India and France to strengthen their ties… The European Union and India are progressing toward a Free Trade Agreement, and as a member of the European Commission, we fully support this… I'm optimistic that we could see an agreement in the coming weeks or months… It's important to demonstrate that we believe in free trade, not trade wars,' the French Minister told reporters. He emphasised the importance of fostering deeper cross-border trade and investments between the two nations. 'At the same time, we must foster deeper bilateral relations between France and India, which means enhancing cross-investments, more cross-border trade… All the friendship that President Macron and PM Modi have will, of course, help our bilateral relations to go deeper now,' he added. Earlier on Monday, the Union Minister held a productive meeting with French Minister of Economy, Finance, and Industrial and Digital Sovereignty, Eric Lombard, focusing on deepening the India-France economic partnership with an emphasis on trade, investments, and technology cooperation. The discussions, which took place during Goyal's three-day official visit to France, also reviewed the progress of the India-EU Free Trade Agreement (FTA) negotiations, signalling a strong intent to bolster bilateral ties amidst a shared commitment to innovation and economic growth. 'Held a productive meeting with Eric Lombard, French Minister of Economy, Finance, and Industrial and Digital Sovereignty. Exchanged views on deepening our economic partnership, enhancing trade & investments with a special focus on technology and innovation across key sectors. Also discussed the progress of the India-EU FTA negotiations. Looking forward to stronger India-France economic ties,' Goyal said in a post on X. He also expressed optimism that India could finalise its Free Trade Agreement (FTA) with the European Union (EU) ahead of the year-end deadline, citing minimal divergences between the two economic blocs. Goyal also held a series of high-level meetings in Paris with top French CEOs to explore new opportunities for India's growth across key sectors such as renewable energy, automobile manufacturing, electric vehicles (EVs), and consumer products. The minister commenced his three-day official visit to Paris on Sunday as part of his ongoing visit to France and Italy from 1 to 5 June 2025. This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content Also read: US, India to give preferential access to each other's businesses, says Piyush Goyal
India Gazette
3 days ago
- Business
- India Gazette
"France is one of India's best economic partners": French Minister Saint-Martin on meeting with Piyush Goyal
Paris [France], June 3 (ANI): French Foreign Trade Minister Laurent Saint-Martin on Tuesday reaffirmed the 'conviction' that France is one of 'India's best economic partners' after his meeting with Union Commerce and Industry Minister Piyush Goyal in Paris. The minister highlighted the potential to further strengthen bilateral ties through 'reforms, stability, innovation, and enhanced market access to the EU and Indian markets.' 'With my Indian counterpart Piyush Goyal, I reaffirmed a conviction: France is one of India's best economic partners... Reforms, stability, innovation, access to EU and India markets: there's everything to strengthen our bilateral relationship,' Saint-Martin stated in a post on X. Following his meeting with Goyal, Saint-Martin also expressed optimism about the ongoing India-EU Free Trade Agreement (FTA) negotiations, anticipating a possible agreement in the coming weeks or months. 'It's important to demonstrate that we believe in free trade, not trade wars,' he stressed. 'Minister Goyal arrived with a strong business delegation - over 50 companies, which is significant. At a time when global trade is facing challenges, we believe it's crucial for India and France to strengthen their ties... The European Union and India are progressing toward a Free Trade Agreement, and as a member of the European Commission, we fully support this... I'm optimistic that we could see an agreement in the coming weeks or months... It's important to demonstrate that we believe in free trade, not trade wars,' the French Minister told reporters. He emphasised the importance of fostering deeper cross-border trade and investments between the two nations. 'At the same time, we must foster deeper bilateral relations between France and India, which means enhancing cross-investments, more cross-border trade... All the friendship that President Macron and PM Modi have will, of course, help our bilateral relations to go deeper now,' he added. Earlier on Monday, the Union Minister held a productive meeting with French Minister of Economy, Finance, and Industrial and Digital Sovereignty, Eric Lombard, focusing on deepening the India-France economic partnership with an emphasis on trade, investments, and technology cooperation. The discussions, which took place during Goyal's three-day official visit to France, also reviewed the progress of the India-EU Free Trade Agreement (FTA) negotiations, signalling a strong intent to bolster bilateral ties amidst a shared commitment to innovation and economic growth. 'Held a productive meeting with Eric Lombard, French Minister of Economy, Finance, and Industrial and Digital Sovereignty. Exchanged views on deepening our economic partnership, enhancing trade & investments with a special focus on technology and innovation across key sectors. Also discussed the progress of the India-EU FTA negotiations. Looking forward to stronger India-France economic ties,' Goyal said in a post on X. He also expressed optimism that India could finalise its Free Trade Agreement (FTA) with the European Union (EU) ahead of the year-end deadline, citing minimal divergences between the two economic blocs. Goyal also held a series of high-level meetings in Paris with top French CEOs to explore new opportunities for India's growth across key sectors such as renewable energy, automobile manufacturing, electric vehicles (EVs), and consumer products. The minister commenced his three-day official visit to Paris on Sunday as part of his ongoing visit to France and Italy from 1 to 5 June 2025. (ANI)
Time of India
19-05-2025
- Business
- Time of India
Jaishankar's Mission EU: Terror, trade, multipolarity
External Affairs Minister S Jaishankar is currently on a crucial trip to Europe. He will engage with the Netherlands, Germany, and Denmark. Discussions will focus on cross-border terrorism, particularly Pakistan's role. Trade and investments will also be key topics, especially regarding the India-EU Free Trade Agreement. High-tech collaboration is another priority. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads External affairs minister S Jaishankar is on a significant mission to Europe, engaging three important partners-Netherlands, Germany, and Denmark-to sensitise them on Pakistan's role in cross-border terror and India's response to the Pahalgam terror attacks through Operation Sindoor Jaishankar landed in the Netherlands on Sunday-a country which gave a strong and firm response to the Pahalgam attacks. The minister will engage with his counterpart Caspar Veldkamp who has strong views against international terror. The Netherlands is also significant from the viewpoint of trade and is the hub of Indian investments in western cross-border terror, trade and investments amid India-EU negotiations on a free trade agreement will figure high on Jaishankar's discussion agenda with the Dutch leadership, it is is focusing on high-tech collaboration with the Dutch. Netherlands remains a critical entry point for Indian exports to Netherlands issued its guidelines on the Indo-Pacific in 2020 which identifies India as a key partner. There are over 300 Dutch companies currently in Denmark leg of Jaishankar's visit is vital as the European nation-a non-permanent member of the UN Security Council has given strong support to India's cause in the and India launched the Green Strategic Partnership a few years ago, and the relationship has transformed in recent years. Denmark will hold EU Council Presidency in the second half of 2025 and is expected to give a definitive push for the proposed FTA with will be Jaishankar's first visit to Germany after the new government under Friedrich Merz assumed office. He will meet foreign minister Johan Wadephul, who belongs to the Christian Democratic Union political party, and has strong views on international terror resonating with that of India's.
The Print
02-05-2025
- Business
- The Print
Piyush Goyal & EU commissioner hold ‘productive' talks to discuss FTA progress
Goyal described the dialogue as 'highly productive,' saying that it helped redefine the India-EU partnership. Both sides reaffirmed their commitment to concluding the long-awaited trade deal by the end of 2025. New Delhi: Union Minister of Commerce and Industry, Piyush Goyal, held a key meeting with European Union Commissioner for Trade and Economic Security, Maros Sefcovic, in Brussels to discuss the progress of the India-EU Free Trade Agreement (FTA). The meeting focused on enhancing market access for businesses in both regions and strengthening trusted, diversified supply chains. The discussions aimed to ensure that the FTA would not only be strategic but also mutually beneficial for the sustainable development of both economies. In a social media post on 'X', Goyal said, 'Redefining the India-EU Partnership, In my highly productive dialogue with EU Commissioner for Trade and Economic Security @MarosSefcovic today, we reaffirmed our shared commitment to concluding the India-EU Free Trade Agreement negotiations by the end of 2025' He emphasized that the agreement would boost innovation, improve competitiveness, and support future-ready investments and mobility between India and the EU. Both parties underlined the importance of a fair and comprehensive agreement that supports shared prosperity. They also highlighted the role of leadership from Prime Minister Narendra Modi and European Commission President Ursula von der Leyen in moving the talks forward. The minister said, 'Both India and EU, under the leadership of PM @NarendraModiji and EU President @VonderLeyen, remain committed to working towards a mutually beneficial and strategic agreement for shared prosperity and sustainable development of our regions'. The India-EU FTA has been under negotiation for several years. If concluded, it would be one of India's most significant trade pacts, opening up major opportunities for exporters, investors, and workers from both regions. The meeting in Brussels signals a renewed push from both sides to overcome remaining challenges and finalize the agreement within the proposed timeline. This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content. Also read: India-EU FTA can help balance against economic power of US & China, says Portuguese foreign minister
Times of Oman
02-05-2025
- Business
- Times of Oman
Piyush Goyal holds trade talks with EU Commissioner
New Delhi: Union Minister of Commerce and Industry, Piyush Goyal, held a key meeting with European Union Commissioner for Trade and Economic Security, Maros Sefcovic, in Brussels to discuss the progress of the India-EU Free Trade Agreement (FTA). Both sides reaffirmed their commitment to concluding the long-awaited trade deal by the end of 2025. Goyal described the dialogue as "highly productive," saying that it helped redefine the India-EU partnership. The meeting focused on enhancing market access for businesses in both regions and strengthening trusted, diversified supply chains. The discussions aimed to ensure that the FTA would not only be strategic but also mutually beneficial for the sustainable development of both economies. In a social media post on 'X', Goyal said, "Redefining the India-EU Partnership, In my highly productive dialogue with EU Commissioner for Trade and Economic Security @MarosSefcovic today, we reaffirmed our shared commitment to concluding the India-EU Free Trade Agreement negotiations by the end of 2025." He emphasized that the agreement would boost innovation, improve competitiveness, and support future-ready investments and mobility between India and the EU. Both parties underlined the importance of a fair and comprehensive agreement that supports shared prosperity. They also highlighted the role of leadership from Prime Minister Narendra Modi and European Commission President Ursula von der Leyen in moving the talks forward. The minister said, "Both India and EU, under the leadership of PM @NarendraModiji and EU President @VonderLeyen, remain committed to working towards a mutually beneficial and strategic agreement for shared prosperity and sustainable development of our regions". The India-EU FTA has been under negotiation for several years. If concluded, it would be one of India's most significant trade pacts, opening up major opportunities for exporters, investors, and workers from both regions. The meeting in Brussels signals a renewed push from both sides to overcome remaining challenges and finalize the agreement within the proposed timeline.
