Piyush Goyal says Trade & Economy Most Important Pillars of India- European Union Partnership

· Hopeful of Working with EU towards a FTA

· India can be the Trusted Partner and Countries can Work with India for Robust & Sustainable Global Supply Chains

Union Railways and Commerce & Industry Minister Piyush Goyal has said that Trade & economy is one of the most important pillars of India- European Union (EU) partnership.

He said that EU is India’s largest trading partner block, with about $105 billion trade in goods in 2019.It is also the 2nd largest destination for Indian exports. He said “We believe we have to work towards balanced, ambitious & mutually beneficial trade & investment agreements. During the 15th India-EU summit in July 2020, we had adopted the EU-India strategic partnership which will guide our co-operation in the future.”

Recently, we have removed all restrictions on export of N-95 masks & Personal Protective Equipment. In the month of September, in the goods & merchandise sector, we have grown by 5.27% over the corresponding period of last year. Power consumption is up by 4.6% in September 2020 year on year. On the world trade also, India’s presence is felt. In goods & merchandise sector, in September 2020, we have grown by 5.27% over the same period last year. In the month of September and in the 1st 6 days of October, Railway freight has grown by 15% over the same period last year.