European Union’s Ambassador to India and Bhutan Ugo Astuto on Wednesday met a visiting delegation of Germany’s parliamentarians in New Delhi. They discussed European Union-India strategic ties and prospects ahead.
“Happy to meet the visiting delegation of Astuto recently said that the fourth round of talks on a Free Trade Agreement (FTA) between The envoy said while speaking to ANI that it is a broad, ambitious, and comprehensive Free Trade Agreement and the “Past a few years ago the relationship, the strategic partnership has been gaining considerable momentum. Let me mark here, in particular, the summit in Porto in 2021, where the decision was taken to relaunch negotiation for Free Trade Agreement, as well as negotiation, for an Investment Protection Agreement on Geographical indication. I think that was a very significant Landmark”, he said.
“We have had three rounds of negotiations. The fourth one is expected around March in Europe. The last one was here in Delhi. The decision to restart the FTA was a unanimous decision taken by all the 27 EU leaders and together with Prime Minister Modi at the Porto Summit. So, we have a very strong political mandate given by our political leadership, he added.
Calling the discussions ‘constructive’ the envoy added that the Free Trade Agreement is broad, ambitious and comprehensive.
“The discussions taking place have been constructive, but we should not hide that it is a very complex negotiation. It’s a broad, ambitious, and comprehensive Free Trade Agreement and obviously, it’s a complex endeavour but we are determined to pursue its objective, as we believe it would be beneficial to both sides”, he said.
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This report is filed by ANI news service. TheNewsMill holds no responsibility for this content.
