Piyush Goyal to lead business delegation to Europe from July 13

Indian Union Commerce and Industry Minister Piyush Goyal is set to lead a high-level business delegation to Europe, visiting Spain, Belgium, and Finland from July 13 to 17. The trip's primary objective is to strengthen India's economic engagement with the continent and identify new avenues for Indian exporters.

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The Free Trade Agreements signed by India with developed nations under the leadership of Prime Minister Narendra Modi have opened up immense export potential for India's industrial sector, farmers, fishermen, and MSMEs, while also creating new employment opportunities.

Goyal emphasized the significant impact of Free Trade Agreements (FTAs) signed under Prime Minister Narendra Modi's leadership. He stated that these agreements have unlocked substantial export potential for India's industrial sector, farmers, fishermen, and MSMEs, while simultaneously fostering new employment opportunities. The minister specifically pointed to the India-UK FTA, which is scheduled to take effect on July 15, allowing duty-free exports of Indian goods to the UK.

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The Free Trade Agreement with the UK is set to come into effect on the 15th, allowing goods from India to be exported at zero duty.

The minister also referenced the finalized India-European Union Free Trade Agreement, noting its completion during a meeting on January 27th. Goyal's upcoming visit to four European countries is intended to further explore these opportunities with a delegation comprising companies of various sizes and from diverse sectors, including advanced manufacturing, clean energy, digital technologies, and healthcare.

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A Free Trade Agreement with the 27 nations of the European Union was finalised during a meeting between the Prime Minister and the President of the European Union on January 27th.

In Brussels, Goyal will co-chair the third India-EU Trade and Technology Council (TTC) Ministerial Meeting. This council is described as the highest institutional mechanism for cooperation on trade, technology, and economic security between India and the EU. The visit occurs at a critical time for India-EU relations, with both parties committed to enhancing economic cooperation and accelerating the implementation of their FTA.

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I am embarking on a visit to four of these countries next week, leading a business delegation to explore new opportunities for Indian exporters.