EU-India Business Roundtable to Promote More Investment & Trade

Confederation of Indian Industries (CII)’s latest update reveals that the EU-India Business Roundtable occurred virtually to reinforce bilateral cooperation in the areas of climate, digital and healthcare and to assist the increased trade and investment. The business roundtable was prearranged in the margins of the EU-India Summit in Porto, Portugal, and with the support of the Portuguese Presidency of the Council of the European Union. Business gave a warm welcome to the step of Heads of State and Government to recover trade negotiations. A comprehensive trade and investment agreement would aid in further deepening EU-India bilateral trade and investment ties.

Furthermore, Business Europe Director General Markus J. Beyrer states that the relaunch of the negotiations of the Free Trade Agreement (FTA) is an essential step advancing for both our economies. India and the EU will both profit from fortification bilateral cooperation in the areas of climate, digital and healthcare, and from increased trade and investment. The EU is India's largest trading associates with about 11percent of its total trade, worth around Euro 80 billion, and the EU is country’s top foreign investor. Both sides should use this window of opportunity, based on our shared values, commitment to rules-based multilateralism, and benefit from mutual economic opportunities.

Confederation of Indian Industry Director General Chandrajit Banerjee observed that Indian industry, on its part, embraces the announcement of resumption of formal negotiations on the India-EU trade deal at the India - EU Summit, and is ready to support the negotiations in any possible way. A pact on trade should benefit the EU with better access to a huge and rapidly growing market as well as help India access technology which could qualitatively elevate the Indian economy.

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