Union Commerce and Industry Minister Piyush Goyal has said that progress has been made in the negotiations for a free trade agreement between India and the European Union.Piyush Goyal, who attended the first meeting of the India-EU Trade and Technology Group held in Brussels, Belgium, later met the media.
At that time, he said that the negotiations for a free trade agreement between India and the European Union were going well and the Trade and Technology Group was helpful in this matter.
He said that he does not see the EU’s views on carbon emission control as an obstacle to the free trade agreement and that the matter will be pursued through a concerted effort.
He also expressed hope that India and the European Union will jointly resolve the issue of controlling carbon emissions.Piyush Goyal stated that India’s tariff rates on most commodities and raw materials are not true and said that India’s tariff rates are actually very low.
Stating that the customs duty rates on technology-based goods which help the Indian economy grow are very low, the Minister said that India’s actual applied customs duty rates are lower than the tariff rates agreed by the World Trade Organisation.