The Minister of Commerce, Industry and Textiles, Mr Anand Sharma, has averred that India and the European Union were committed to a balanced and ambitious broadbased trade and investment agreement (BTIA) by early 2012.
In a statement, Mr Sharma said the India-EU BTIA would lead to increased opportunities for market access in goods and services for both countries. He raised the issue with Mr Kris Peeters, Minister-President of the Flemish government and the Flemish Minister for Economy, Foreign Policy, Agriculture and Rural Policy, recently.
Pointing out that Belgium was India’s second largest trading partner in the EU, Mr Sharma said bilateral trade between the two countries in the last fiscal grew by 52.44 per cent to $ 14.9 billion, of which India’s exports to Belgium constituted $ 6.3 billion and imports from that country amounted to $ 8.6 billion.
Source : Exim News Service - NEW DELHI, Nov. 20