India, EU Nearing Conclusion of Ambitious Free Trade Agreement: Piyush Goyal

• Commerce and Industry Minister Piyush Goyal stated India and the EU are committed to an ambitious and mutually beneficial Free Trade Agreement (FTA).
• The FTA aims to foster prosperity for businesses and citizens in both India and the European Union.
• Goyal emphasized the EU's significance as a key economic and strategic partner for India.
• EU Trade Commissioner Maros Sefcovic confirmed nearing the conclusion of FTA negotiations, highlighting a year of intense engagement.
• Sefcovic's visit marks his 10th in-person meeting with Minister Goyal, underscoring the importance of the trade talks.

Why It Matters: India and the EU are close to finalizing a comprehensive Free Trade Agreement for mutual economic growth.