Union Minister of Commerce and Industry, Mr. Piyush Goyal, discusses free trade agreements with UK and EU ministers at G7 meeting

Union Minister of Commerce and Industry, Mr. Piyush Goyal, engaged in discussions with EU and UK counterparts during the G7 Trade Ministers' Meeting in Italy, focusing on deepening economic ties and exploring free trade agreements. These talks were highlighted as crucial for enhancing global trade relations and economic cooperation, showcasing India's proactive approach to fostering stronger economic partnerships globally. The meetings with key international leaders underscored India's commitment to engaging with global economies to promote trade and economic collaboration.

Discussions at the event covered initiatives such as the G20 Generic Framework for Mapping GVCs, the IPEF association, the trilateral Supply Chain Resilience Initiative (SCRI), and the India-European Union Trade and Technology Council (TTC). Strategic partnerships with the US, GCC countries, and the EU were also discussed, including efforts like the India-Middle East-Europe Economic Corridor (IMEC) to strengthen supply chains. He emphasized collaboration among trusted partners to reinforce global supply chains in critical sectors, advocating for public-private partnerships, infrastructure investments, innovation, and consistent regulatory frameworks across G7 nations and partner countries to ensure resilient supply chains for the future.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.