India and European Union discuss Free Trade Agreement, price cap on Russian oil
2 years, 3 months ago

India and European Union discuss Free Trade Agreement, price cap on Russian oil

The Hindu  

India and the European Commission are eager to "expedite" the dialogue for the Free Trade Agreement for "mutually beneficial results", said Commerce and Industry Minister Piyush Goyal after he met the Executive Vice-President of the European Commission Valdis Dombrovskis in Bali on the sidelines of the G20 Ministerial Meeting on Wednesday. Also discussed EU/G7 initiative to price cap Russian oil — this would help tackle global energy inflation." Wednesday's exchange between Mr. Goyal and Mr. Dombrovskis came nearly two and half months after the two sides restarted discussion on the FTA that had been frozen for at least eight years. India has launched a series of negotiations with multiple countries such as Canada, Israel, and Bangladesh for concluding special trade pacts that are part of New Delhi's plans for a post-COVID world economic order.

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