Ministerial meeting in three months following HLD
Indian and European Union Ministers have agreed to meet within the next three months, with an objective for reaching consensus on a host of bilateral trade & investment cooperation issues through a bilateral Regulatory Dialogue.
The India-EU Multilateral Dialogue to explore further possibilities of cooperation among others is a significant step forward, said the Commerce and Industry Minister Piyush Goyal in a release on 6 Feb 2021.
This decision came from the first High Level Dialogue (HLD) where the Ministers agreed on regular interactions for re-initiation of bilateral trade and investment agreements, with an interim agreement, to start with.
The Ministers concluded with the confidence and commitment towards a renewed India-EU commercial and economic partnership reflecting full potential of bilateral commercial relations, said Goyal who co-chaired the HLD with the European Union Executive Vice-President & Trade Commissioner Valdis Dombrovskis on 5 Feb 2021.
Commitment to the establishment of this Dialogue was a major outcome of the 15th India-EU Leader’s Summit held in July 2020, with an objective for a Ministerial level guidance towards the bilateral trade and investment relations.
The Ministers emphasized the importance of global cooperation and solidarity in a post COVID-19 era during the HLD discussions
They agreed for further deepening of bilateral trade and investment relationship through a series of regular engagements, aiming at quick deliverable for the businesses in these tough times, said the release. #exports #investments #commerce #manufacturing #banking /fiinews.com
