New Delhi, April 14 (KNN) Discussion with the European Union (EU) regarding a comprehensive Free Trade Agreement (FTA) is expected to pick up in June, with Parliamentarians from the trade bloc visiting the national capital to meet Commerce and Industry Minister Piyush Goyal.

Commerce Secretary BVR Subramanyan said the next round of talks is expected to take place in June, after the World Trade Organization’s 12th ministerial meeting.

Goyal said interaction with Parliamentarians was good and the delegation showed a lot of “interest” in the deal. The Minister hoped that negotiations would pick up faster. 

The Minister also said India and EU have agreed to work out a full-fledged FTA, rather than proceeding with an interim trade deal.

India and the EU agreed to resume negotiations for a balanced and comprehensive free trade and investment agreement in May last year.

After surpassing the USD 400-billion goods export target, India has also met the services export target of USD 250 billion for the financial year 2021-22, Goyal said, adding that this is the highest value of services export that India has ever achieved.

Last week, a team of officials led by Commerce Secretary BVR Subramanyan were also in Brussels, Belgium to work out a framework for a trade agreement. (KNN Bureau)