India and the European Union on Saturday agreed to deepen commercial and economic partnership during the Third India-EU High Level Dialogue on Trade and Investment held in New Delhi. The Indian Ministry of Commerce and Industry said in a statement that Minister of Commerce and Industry Piyush Goyal and European Commission Executive Vice-President for Economy and Trade Commissioner Valdis Dombrovskis co-chaired the 3rd High Level Dialogue which is a ministerial level guidance to better the bilateral trade and investment relations.

“The ministers took stock of ongoing three negotiations between India and EU i.e. India-EU Free Trade Agreement; a standalone Investment Protection Agreement; and a Geographical Indications Agreement.

The ministers acknowledged that both sides have made good progress inthe ongoing three negotiations,” the ministry said. They also deliberated upon market access issue of both sides and reviewed the progress made under the India-EU Trade and Technology Council. Goyal appreciated the visit of Valdis Dombrovskis and his support for the G20 Trade and Investment Minister?’s Meeting held in Jaipur under Indian presidency.

“The meeting concluded with both the Ministers expressing confidence on the ongoing three negotiations and committed themselves towards deepening of the India-EU commercial and economic partnership,” it added.

Source: Kuwait News Agency