India, EU discuss economic ties

New Delhi, April 13 : The Indian government on Wednesday discussed economic ties with the European on with a group of senior MPs from the Committee of International Trade of the EU. The Indian side was led by Sanjay Verma, Secretary (West) in the Ministry of External Affairs. MEA spokesperson Arindam Bagchi said the European delegation included Svenja Hahn, Jan Zahradil, Soren Gade, Bernd Lange and Arnaud Danjean. “Both sides expressed commitment for advancing economic ties with the early conclusion of trade and investment agreements,” Bagchi said. The meeting also came in the backdrop of the ongoing Russia-Ukraine war which has affected global economy and trade. The EU is India’s third largest trading partner, accounting for Euro 62.8 billion worth of goods in 2020 or 11.1 per cent of total Indian trade after China (12 per cent) and the US (11.7 per cent). The EU is the second largest destination for Indian exports (14 per cent of total) after the US. AO MR

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