India and the European Union are expected to indicate the beginning of negotiations for extensive trade and investment agreements (BBTIA) on the Portuguese summit on May 8. Prime Minister Narendra Modi will attend the Indian-EU summit in Lisbon before he flew to France for high bilateral visits, people who are familiar with the problem.
Technical negotiations on trade agreements, which are also chased by the Minister of External Affairs S Jaishankar at the diplomatic level, will begin between April 9 and April 19. There is a possibility of a meeting between the Minister of Trade Piyush Goyal and Deputy Executive Commissioner EU for the trade of Valdis Dombrovskis later this month. The date for the goyal-dombovskis meeting still had to be decided, the UE diplomat said.
Although India became one of the biggest trading partners in the EU,
trade negotiations, which began in 2007, has been slow in the past with differences in the level of wine and spirit rates, car components, and data security. “However, both parties have shown more accommodation this time and are willing to have a positive view of exports from the two blocks,” said a senior official.
The European Union will be under pressure to complete the trade agreement with India since India is expected to sign a bilateral trade agreement with post-Brexit Britain during the British Prime Minister Boris Johnson visit to New Delhi on April 26.
PM Modi, who will travel to Portugal for the Indian-EU summit held under the shadow of the Coronavirus Pandemic, will continue in the second leg of the tour to France for bilateral visits. Maritime security will be the heart of its peak level with French President Emmanuel Macron.
While the broad agenda of bilateral visits to France will be completed during a two-day visit of Foreign Minister Jean Yves Le Drian to India from April 12, both countries are expected to provide new meanings to defense and shortness of shortness of political synergy on a multilateral platform. Diplomatic advisers for President Macron, Emmanuel Bonne are also very involved in bilateral exercises with a special focus on obtaining new capabilities and the latest technology to fight all aggression in the Indo-Pacific.