Goyal may visit London, Oslo & Brussels this month for trade deals
Union Minister Piyush Goyal’s likely visits to London, Oslo, and Brussels are expected to begin on April 28, an official said. The five-day visit to these cities is aimed at further boosting India’s trade and investment ties with the United Kingdom, Norway, and the European Union.
Last year, member states of the European Free Trade Association (EFTA) and India signed the Trade and Economic Partnership Agreement (TEPA), a major milestone in their economic cooperation. The agreement is expected to increase trade and investment between the two sides, with a focus on areas such as manufacturing, services, and technology.
Goyal’s visit to London is likely to focus on strengthening bilateral trade ties with the UK, which is one of India’s largest trading partners. The UK is also home to a large Indian diaspora, and the two countries have a strong cultural and historical connection.
In Oslo, Goyal is expected to meet with Norwegian business leaders and government officials to discuss ways to increase trade and investment between the two countries. Norway is a significant player in the global oil and gas industry, and India is looking to strengthen its ties with the country to increase its energy security.
Brussels, the capital of the European Union, will be the final stop on Goyal’s trip. The visit is expected to focus on deepening India’s economic ties with the EU, which is a major trading partner of India. The EU is also a significant player in the global economy, and India is looking to strengthen its ties with the bloc to increase its economic cooperation and investment.
Goyal’s visit to Brussels is also likely to focus on the ongoing negotiations between India and the EU on a comprehensive trade agreement. The agreement is expected to cover a range of areas, including trade in goods and services, investment, and intellectual property rights.
The Indian government has been actively pursuing trade agreements with various countries around the world to increase its global trade and investment. In recent years, India has signed trade agreements with countries such as the United States, Australia, and the United Arab Emirates.
Goyal’s visit to London, Oslo, and Brussels is expected to be a significant step forward in India’s efforts to increase its global trade and investment. The visit is likely to focus on strengthening bilateral trade ties with the three countries, and deepening India’s economic ties with the EU.
The Indian government has been actively working to promote India as a preferred destination for foreign investment and to increase its global trade. In recent years, India has taken several steps to improve its business environment, including simplifying its tax regime and increasing the ease of doing business.
Goyal’s visit to London, Oslo, and Brussels is also expected to focus on promoting India’s IT and pharma sectors, which are major drivers of the country’s economy. The Indian IT sector is one of the largest in the world, and the country is home to several major IT companies such as Tata Consultancy Services, Infosys, and Wipro.
The Indian pharma sector is also a major player in the global market, and the country is known for its high-quality medicines and generic drugs. The sector is a major contributor to India’s economy, and the country is home to several major pharma companies such as Sun Pharma, Dr Reddy’s, and Lupin.
In conclusion, Goyal’s visit to London, Oslo, and Brussels is expected to be a significant step forward in India’s efforts to increase its global trade and investment. The visit is likely to focus on strengthening bilateral trade ties with the three countries, and deepening India’s economic ties with the EU.
The Indian government has been actively working to promote India as a preferred destination for foreign investment and to increase its global trade. The country’s IT and pharma sectors are major drivers of the economy, and the government is working to promote these sectors to increase foreign investment and trade.
