Title: Goyal May Visit London, Oslo & Brussels this Month for Trade Deals
The Indian government is making significant efforts to boost its trade and investment ties with various countries around the world. In a recent development, Union Minister Piyush Goyal is likely to embark on a five-day visit to London, Oslo, and Brussels starting from April 28. The official visit is aimed at further strengthening India’s trade and investment ties with the United Kingdom, Norway, and the European Union.
According to sources, Goyal’s visit is expected to focus on exploring new opportunities for trade, investment, and economic cooperation between India and these countries. The visit is also likely to pave the way for new agreements and collaborations that can benefit both Indian and foreign businesses.
The European Free Trade Association (EFTA) and India signed the Trade and Economic Partnership Agreement (TEPA) last year, which has opened up new avenues for trade and investment between the two regions. Goyal’s visit is expected to build on this momentum and take the relationship to the next level.
During his visit, Goyal is likely to meet with top officials from the UK, Norway, and EU to discuss ways to enhance trade and investment ties. He may also hold talks with business leaders and industry experts to understand their concerns and requirements.
The visit is expected to focus on several key areas, including trade in goods and services, investment, and cooperation in areas such as healthcare, technology, and renewable energy. Goyal may also discuss ways to improve the ease of doing business and simplify the process of setting up operations in India.
The UK is one of India’s largest trading partners, and the two countries have a strong bilateral trade relationship. In 2020, bilateral trade between India and the UK stood at over $13 billion. Norway is also a key partner for India, and the two countries have a long history of cooperation in areas such as oil and gas, fishing, and trade.
The EU is another significant trading partner for India, and the two regions have a comprehensive trade agreement in place. The EU is India’s largest trading partner, and bilateral trade between the two regions stood at over $80 billion in 2020.
Goyal’s visit is expected to be a significant step forward in India’s efforts to boost its global trade and investment ties. The visit is likely to help India to strengthen its position as a key player in the global economy and to increase its exports and investment flows.
In conclusion, Goyal’s visit to London, Oslo, and Brussels is an important development in India’s efforts to boost its trade and investment ties with the UK, Norway, and the EU. The visit is expected to focus on several key areas, including trade in goods and services, investment, and cooperation in areas such as healthcare, technology, and renewable energy. The visit is likely to be a significant step forward in India’s efforts to strengthen its global trade and investment ties.
