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Emphasis on strengthening cooperation arrangement between India, EU

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language | Updated: 19 Feb 2021, 10:42:00 PM

New Delhi, 19 February (Language) India and the European Union (EU) on Friday emphasized on furthering and strengthening cooperation arrangements in various fields of mutual interest with the intention of increasing bilateral trade. In a bilateral meeting with the European Union, India shared priorities regarding the country’s structural reforms and explained the steps taken to bring the economy affected by the COVID-19 crisis back on track. During the 11th India-EU Macroeconomic Dialogue organized digitally, the European Union (EU) posed the economic challenges posed by the adverse impact of the COVID-19 epidemic and

New Delhi, 19 February (Language) India and the European Union (EU) on Friday emphasized on furthering and strengthening cooperation arrangements in various fields of mutual interest with the intention of increasing bilateral trade. In a bilateral meeting with the European Union, India shared priorities for the country’s structural reforms and explained the steps taken to bring the economy affected by the COVID-19 crisis back on track. During the 11th Indo-EU Macroeconomic Dialogue organized digitally, the European Union (EU) gave information about the economic challenges and economy scenario arising out of the adverse effects of the COVID-19 epidemic. Also, information was given about the plan to bring the economy back on track. According to the official statement, “In the talks, both sides hoped that they would make various bilateral cooperation arrangements related to mutual interests to further deepen the relationship.” The two sides negotiated the Bilateral Trade and Investment Agreement (BTIA) for several years. are doing. But so far no consensus has been reached. The Indian side was led by Economic Affairs Secretary Tarun Bajaj. He briefed EU representatives about fiscal policy and medium-term fiscal strategy and priorities for structural reforms. The European Union was led by Marten Verve, Director General (Economic and Financial Affairs) of the European Commission.

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