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World Affairs, Economy
Mahesh

03/07/22 05:49 AM IST

India-EU Trade and Investment

In News 
  • India and the European Union concluded the first round of negotiations for India-EU Trade and Investment Agreements, including the Geographical Indicators (GI), in New Delhi recently. 
India- EU trade 
  • The second round of negotiations is scheduled to take place in September 2022 at Brussels.
  • India’s bilateral trade with EU amounted to USD 116.36 billion in 2021-22. Despite the global disruptions, the bilateral trade achieved an impressive annual growth of 43.5% in 2021-22. 
  • Currently EU is India’s second largest trading partner after US, and the second largest destination for Indian exports.
  • The trade agreement with EU would help India in further expanding and diversifying its exports of goods and services, including securing the value chains.
  • Both sides are aiming for the trade negotiations to be broad-based, balanced, and comprehensive, based on the principles of fairness and reciprocity.
Source- PIB 

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