India–EU Free Trade Agreement to open major opportunities: Goyal
Commerce and Industry Minister Piyush Goyal said the India–European Union Free Trade Agreement (FTA) will open major opportunities for farmers, MSMEs, innovators, start-ups and traders on both sides. He noted the pact brings together a market of about two billion people — roughly a quarter of global GDP and a third of world trade — while India–EU trade has doubled over the past decade to nearly $140 billion.
Nabka Insight
The India–EU FTA's scale — market size, share of global GDP and trade — is highly examinable.
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- Union Minister: Piyush Goyal (Commerce and Industry).
- The India–EU market covers ~2 billion people, ~a quarter of global GDP and a third of world trade.
- India–EU trade has doubled in the last decade to nearly $140 billion.
- Belgian PM Bart De Wever cited the Antwerp-Bruges port as a key India–Europe link.
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