The Union Minister of Commerce and Industry. Shri Piyush Goyal interacted with Ambassadors of the European Commission delegation, Austria, Belgium, Bulgaria, Czech Republic, Estonia, Italy, Ireland, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovak Republic, Spain and Sweden. The meeting was attended by Minister of State for Commerce and Industry Shri Jitin Prasada, Commerce Secretary, Secretary, DPIIT, and other senior officials.
Talking about growing proximity and rising trade between India and the EU, Mr. Goyal aimed for a mutually beneficial and progressive outcome that fosters shared growth and prosperity. There have been nine rounds of talks between the EU and India. The latest round, held from 23 to 27 September 2024, made limited headway on key issues, such as rules of origin and government procurement.
In talks about sustainability, Goyal emphasized the idea of common but differentiated responsibilities (CBDR), pointing out that policies should take into consideration the varied development pathways taken by the EU and India.
According to the minister, India’s GDP is predicted to reach $35 trillion by 2047, and the country’s economy is predicted to expand by 7-8% over the next several years to rank third in the world.
