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India wants a free trade agreement with the EU: Piyush Goyal

Piyush Goyal
Piyush Goyal

A month after saying that India needs to create reciprocal global standards and criticising Europe for its “impossible” standards that work as non-tariff barriers, Commerce and Industry Minister Piyush Goyal said that India is hopeful of working with the European Union towards a free trade agreement. This could possibly start with a preferential trade agreement, he said. Goyal further said that despite the COVID-19 lockdowns, India’s information technology sector served businesses in Europe without any interruption. Thus, “India can be the trusted partner to move away from single source supply chains”, he said, while speaking at a session on EU-India Collaborative Economic Growth on October 7. India’s renewed focus on becoming an integral part of global supply chains In June, the Ministry of Electronics and Information Technology announced three schemes, with a total outlay of ₹50,000 crore (~$6.82 billion), to…

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