Economy · India

India and EU Discuss Trade, Strategic Partnership, and Exports

The European Union and India are advancing cooperation in sustainable ship recycling, with three Indian yards nearing EU recognition. Irish Ambassador Kevin Kelly expressed optimism about signing an EU-India Free Trade Agreement by year-end, noting the EU increasingly views India as a key strategic partner. Meanwhile, India's Commerce Minister Piyush Goyal highlighted the nation's goal of achieving $1 trillion in goods and services exports this fiscal year, with early growth in the April-June quarter driven by merchandise and services shipments. Goyal also urged states to identify import-substitutable products to boost domestic manufacturing and strengthen supply chains.

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