Goyal May Visit London, Oslo & Brussels this Month for Trade Deals
As India continues to forge ahead in its mission to boost trade and investment ties with various countries, Union Minister Piyush Goyal is set to embark on a five-day visit to London, Oslo, and Brussels commencing from April 28. The trip is aimed at strengthening India’s economic partnerships with the United Kingdom, Norway, and the European Union.
According to an official, the visit is expected to focus on furthering India’s trade and investment ties with these countries. The trip will also provide an opportunity for Goyal to engage in high-level talks with government officials, business leaders, and other stakeholders to explore potential areas of collaboration.
Last year, member states of the European Free Trade Association (EFTA) and India signed the Trade and Economic Partnership Agreement (TEPA), which has paved the way for increased economic cooperation between the two sides. The agreement has also created new opportunities for Indian businesses to tap into the European market.
During his visit, Goyal is likely to meet with UK-based businesses to discuss potential investment opportunities in key sectors such as technology, healthcare, and infrastructure. He will also engage with the UK government to explore ways to deepen economic ties between the two nations.
In Oslo, Goyal is expected to hold talks with Norwegian business leaders to discuss areas such as renewable energy, maritime trade, and tourism. India and Norway have long been partners in the fields of clean energy and sustainable development, and the visit is likely to focus on strengthening these ties.
The Brussels leg of the trip is expected to be the most significant, as Goyal will engage with EU officials to discuss the potential for increased trade and investment between India and the EU. The visit comes at a time when the EU is looking to strengthen its economic ties with India, and Goyal’s trip is expected to pave the way for new agreements and partnerships.
Goyal’s visit is also likely to focus on the issue of trade facilitation, as India and the EU are working to simplify customs procedures and reduce bureaucratic hurdles to increase trade. The visit is also expected to touch upon the issue of intellectual property rights, as India and the EU have differing views on this issue.
The visit is a significant development in India’s efforts to strengthen its economic ties with Europe, which is one of the country’s largest trading partners. Last year, India’s trade with the EU stood at over $80 billion, with India being one of the EU’s largest trading partners in Asia.
In recent years, India has been actively engaging with European countries to strengthen economic ties and increase trade. The country has been a key player in the EU’s Asia-Pacific trade strategy, and has also been a strong advocate for increased economic cooperation between Asia and Europe.
Goyal’s visit is expected to build on the momentum generated by last year’s TEPA agreement, and to further strengthen India’s economic ties with the UK, Norway, and the EU. The visit is also expected to provide a boost to Indian businesses, which are looking to tap into the European market.
In conclusion, Union Minister Piyush Goyal’s visit to London, Oslo, and Brussels is a significant development in India’s efforts to strengthen its economic ties with Europe. The visit is expected to focus on further deepening trade and investment ties with the UK, Norway, and the EU, and to provide a boost to Indian businesses looking to tap into the European market.
