The European Union and India will try to advance talks on a trade deal this week as the bloc’s demands for strict sustainability requirements have become a key stumbling block.
European Commission Vice President Valdis Dombrovskis will discuss the proposed pact with Indian commerce minister Piyush Goyal on the sidelines of a Group of 20 trade meeting in India, as both sides seek to diversify their economies away from China.
A free-trade agreement with India — one of the world’s fastest growing economies — would unlock mutual access for goods and investment in key areas such as digital markets, critical raw materials and energy. “Advancing this FTA will bring us closer to removing barriers between the EU and one of the largest and fastest-growing economies in the world, allowing both sides to unlock the full potential of our trade and investment relationship,” she said.
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