INSUBCONTINENT EXCLUSIVE:
Illustration: Ajay Mohanty3 min read Last Updated : Oct 11 2024 | 10:25 PM IST
Top government officials from India and the European
Union (EU) on Friday acknowledged slower than expected progress in the proposed trade agreement and called for mutual cooperation and
relevance to trade or business, are hurting the interests of both trade and business.Click here to connect with us on WhatsApp
They are
looking at expanding trade, expanding business between the two sides, or whether they are looking at issues which are dealt with by other
trade policy territory where they have never ventured so far
The EU will be ready to do its share, but this will also require India to cover a large part of the distance that still separates us for the
has been stuck for close to nine years
Nine rounds of negotiations have taken place till now and the next round is expected early next year.
Delphin and Goyal also called upon
the need to resolve constraints and regulatory hurdles faced by companies while doing business in India and in the EU,
respectively.
Delphin pointed out the need to address issues such as quality control orders, stringent import licences, legal
duties.
Goyal also said that for over half a decade, India has been negotiating on such duties which are against the Most Favoured Nation
(MFN) clause of the World Trade Organization (WTO) since the EU has been bringing in newer elements in the Indo-EU trade
expanding trade between India and the EU
