3rd India-EU High Level Dialogue on Trade and Investment held

IAS Prelims 2023

azadi ka amrit mahotsav

The 3rd High Level Dialogue (HLD), co-chaired by the Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles Shri PiyushGoyaland the European Commission Executive Vice-Presidentfor an Economy that Works for People& Trade Commissioner Mr. Valdis Dombrovskis, was held on 26thAugust, 2023.

The HLD is an outcome of the decision taken at the 15th India-EU Leader’s Summit held in July 2020, with an objective for a Ministerial level guidance towards the bilateral trade and investment relations.

During the discussion, in the HLD, the Ministers took stock of ongoing three negotiations between India and EU i.e. India-EU Free Trade Agreement; a standalone Investment Protection Agreement; and a Geographical Indications Agreement. The Ministers acknowledged that both sides have made good progress inthe ongoing three negotiations.

The Ministers broadly discussed about the market access issue of both sides and review the progress made so far under the India-EU Trade and Technology Council. The upcoming MC-13 matters were also briefly discussed during the meeting.

Shri PiyushGoyalappreciated the visit of the European CommissionEVPMr. Valdis Dombrovskis and extending his support for recent G20 Trade and Investment Minister’s Meeting held in Jaipur on 24th -25th August, 2023.

The meeting concluded with both the Ministers expressing confidence on the ongoing three negotiations and committed themselves towards deepening of the India-EU commercial and economic partnership.



Source PIB