What Progress Was Made in the India-France Free Trade Agreement Discussions?
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Synopsis
In a significant diplomatic engagement, India's Commerce Minister Piyush Goyal met with French Finance Minister Eric Lombard in Paris to discuss the evolving status of the India-EU free trade agreement negotiations. This meeting highlights the strengthening economic ties between India and France.
Key Takeaways
- Meeting between Piyush Goyal and Eric Lombard focused on the India-EU FTA negotiations.
- Emphasis on technology and innovation in trade discussions.
- Positive feedback from global CEOs on investing in India.
- India likely to sign an FTA with Oman soon.
- Commerce Minister's trip aims to enhance trade and investments.
New Delhi, June 2 (NationPress) – On Monday, Commerce and Industry Minister Piyush Goyal engaged with French Finance Minister Eric Lombard in Paris to assess the status of the India-EU free trade agreement (FTA) negotiations.
In a post shared on the X social media platform, Goyal remarked: “Had a fruitful discussion with @Eric_R_Lombard, French Minister of Economy, Finance, and Industrial and Digital Sovereignty.”
“We exchanged insights on strengthening our economic partnership, boosting trade & investments with an emphasis on technology and innovation across key sectors. We also reviewed the advancements in the India-EU FTA negotiations,” the Union Minister added.
Goyal expressed optimism about the potential for stronger economic ties between India and France.
Earlier that day, Goyal also met with Christophe Perillat, CEO of Valeo Group, a prominent global automotive supplier with a significant presence in India.
“I value the company’s confidence in India’s growth narrative and their intentions to increase investments in the country. We explored opportunities to expand their manufacturing capabilities in India,” the Minister shared.
He further met with Nicolas Hieronimus, CEO of the L'Oréal Group, to discuss potential opportunities for L'Oréal to ‘Make in India’ for the global market.
The Commerce Minister also engaged with several leading global CEOs in Paris to investigate their future investment strategies for the Indian market in emerging sectors like electric vehicles and renewable energy.
During his official visit to France aimed at enhancing trade and investments, the Minister will also participate in a World Trade Organisation (WTO) ministerial meeting on Tuesday.
Additionally, the Commerce Minister hinted at a forthcoming free trade agreement (FTA) with Oman, as discussions between the two nations progress.
Following his engagements in France, the Union Minister will head to Italy for the next segment of his official trip.
Point of View
The recent discussions between India and France mark a crucial step towards enhancing economic collaboration. The emphasis on technology and innovation reflects the evolving landscape of global trade and investment, showcasing India's commitment to becoming a key player in the international market.
NationPress
27/07/2025
Frequently Asked Questions
What is the India-EU free trade agreement?
The India-EU free trade agreement aims to reduce barriers to trade and investment between India and the European Union, fostering economic cooperation.
Who are the key figures in the recent discussions?
The key figures include India's Commerce Minister Piyush Goyal and French Finance Minister Eric Lombard.
What sectors are being focused on in the negotiations?
The discussions focus on technology, innovation, electric vehicles, and renewable energy sectors.
What are the future plans for trade relations between India and Oman?
India is expected to finalize a free trade agreement with Oman as negotiations are progressing positively.
Where is Piyush Goyal heading next after France?
After his engagements in France, Piyush Goyal will travel to Italy for the next phase of his official visit.
