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Commerce and Industry Minister Piyush Goyal said some external elements are slowing down the negotiations for the proposed free trade agreement (FTA) between India and the 27-nation grouping European Union (EU). He also said that India should not be treated like South East Asian countries.
New Delhi. Some external elements are slowing down the negotiations for the proposed free trade agreement (FTA) between India and the 27-nation European Union (EU). Commerce and Industry Minister Piyush Goyal said this on Friday. He also said that India should not be treated like South East Asian countries. The EU has made trade agreements with these countries and India cannot sign the exact same agreement.
Speaking at the launch of the Federation of European Businesses in India (FEBI) here, the minister said FTA negotiations can be accelerated and he is ready to engage with it on a daily basis. He said, “I can assure you all that we are not considering changing what we have given to the UAE. These are two different economic situations. I am not considering an EFTA agreement with the EU.'' Goyal further said that similarly the EU also needs to understand that India is not a South-East Asian country where they cannot face any threat due to not being a democracy. Can sign things.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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