India-EU Trade Deal Could Become Operational in Early-2027, Piyush Goyal Says
- Commerce and Industry Minister Piyush Goyal said the India-European Union free trade agreement could become operational within four to five months after required approvals.
- Goyal urged businesses to prepare by identifying customers, investors and partners and reviewing quality requirements and pricing.
- Goyal proposed increasing India-Germany trade from about €31 billion to €310 billion without setting a deadline.
- He identified artificial intelligence, semiconductors, advanced manufacturing, critical minerals, green hydrogen, renewable energy and energy storage as cooperation areas.
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Piyush Goyal Pitches EUR 310 Billion India-Germany Trade Ambition, Calls for Deeper Industrial Collaboration
Get latest articles and stories on Business at LatestLY. Union Commerce and Industry Minister Piyush Goyal on Thursday pitched an ambitious target of expanding India-Germany bilateral trade from the current level of around 31.5 billion euros to 310 billion euros, calling for deeper industrial collaboration, investment and technology partnerships between the two countries. Business News | Piyush Goyal Pitches EUR 310 Billion India-Germany Trade A…
The Economic Times
Times of IndiaIndia-EU trade deal could become operational in early-2027, Piyush Goyal says
Piyush Goyal, Indias trade minister, has revealed that a free-trade agreement with the European Union is on the horizon, with expectations to finalize it by year's end. Set to become operational within four to five months after signing, this deal aims to improve market access and foster investment collaborations between India and the 27 EU member states.
India's Commerce Minister announced that the country's free trade agreement with the European Union is likely to be signed by the end of this year and could enter into force within four to five months of signing.
During his visit to Germany, Indian Commerce Minister Piyush Goyal, while commenting on global trade relations, stated that critical steps to deepen economic cooperation between the two sides are gaining momentum...
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