New Delhi, Sep 21 (NationPress) Commerce and Industry Minister Piyush Goyal emphasized on Sunday that the EU's authorization of 102 new Indian fishery establishments last week is set to enhance seafood exports to Europe amidst the tumult caused by U.S. tariff increases. He indicated that the advancements in discussions with EU Commissioners in Delhi could pave the way for a groundbreaking free trade agreement by the end of the year.

During a review of the Commerce Ministry's activities over the past week, the minister noted that the rise in seafood exports to Europe would not only generate more employment opportunities in India but also elevate the country’s foreign exchange revenues.

The total number of EU-approved Indian seafood export units has now reached 604, marking a significant milestone in strengthening India's foothold in the lucrative European seafood market.

Goyal also mentioned his recent meeting with EU Commissioners Maros Sefcovic and Christophe Hansen for the 13th round of India-EU FTA negotiations. During a joint business interaction and a session with ACMA, he pointed out the momentum toward a balanced, groundbreaking deal by year-end aimed at enhancing trade, investment, and technology, particularly in strengthening India's automotive components sector.

Additionally, Goyal addressed the 7th Auto Retail Conclave organized by FADA, where he underscored the sector's essential role as a link between consumers and industry. He urged for improved after-sales support and emphasized that ongoing FTAs would encourage greater global participation.

Furthermore, Goyal announced the opening of APEDA's inaugural office in Patna, which will aid farmers, FPOs, and exporters. A consignment of seven metric tons of GI-tagged Mithila Makhana was dispatched to New Zealand, Canada, and the USA, empowering local farmer groups and women-led enterprises.

Prior to this, exporters from Bihar relied on APEDA’s regional office in Varanasi. The new office aims to provide direct assistance to FPOs, FPCs, and exporters, greatly reducing response times for queries and fostering better coordination with state-level institutions.

Goyal also reported that the Export Credit Guarantee Corporation of India achieved a record Rs 8.55 lakh crore in export support for FY 2024-25, representing a 17 percent increase that enhances global trade safety for Indian exporters. This includes initiatives like a 90 percent credit insurance cover for banks financing small exporters and a facilitation center for exporters and banks.

Lastly, Goyal addressed the 6th ISA Steel Conclave, where he called on the steel industry to enhance self-reliance and minimize import dependency. He also highlighted plans for achieving 50 million tonnes in steel exports soon, reaffirming steel’s critical role in India's growth.