India outlines 6-point plan to boost mutual economic ties with EU [Video]

Commerce and Industry Minister Piyush Goyal outlined six broad principles for building a mutually beneficial partnership between India and the European Union at a high-level meeting here with Maros Sefcovic, European Commissioner for Trade and Economic Security on January 18-19.

The talks were aimed at setting up a new framework for an India-European Union strategic agenda in the area of trade and investment.

Piyush Goyal said that India would first work together with the European Union, a relationship based on common values of democracy, rule of law and independent judiciary, as a trusted partner for developing an economic relationship which integrates the combined market currently estimated at over $24 trillion, bringing unprecedented opportunities for the 2 billion people of India and the European Union.

Second, India would build a commercially meaningful trade agenda with the EU, which is fair and equitable, addressing the tariff and non-tariff barriers through simplification and …