Key Points

Piyush Goyal recently met with French Finance Minister Eric Lombard in Paris to discuss the progress in India-EU FTA negotiations. They both emphasized the importance of enhancing economic ties through technological innovation across key sectors. Goyal also engaged with several global CEOs to discuss potential investments in India's promising sectors like electric vehicles and renewable energy. He is set to continue his European trip to Italy, with India aiming to finalize a free trade agreement with Oman soon.

Key Points: Piyush Goyal and Eric Lombard Talk India-EU FTA in Paris

  • Piyush Goyal meets Eric Lombard in Paris for India-EU FTA
  • Discussed technology and innovation's role in trade
  • Met CEOs to boost investment in India
  • Talks on potential India-Oman FTA advancements
2 min read

India, France discuss progress of free trade agreement negotiations

Goyal, Lombard discuss India-EU FTA progress and explore deeper economic ties in Paris.

"Exchanged views on deepening our economic partnership - Piyush Goyal"

New Delhi, June 2

Commerce and Industry Minister Piyush Goyal on Monday met French Finance Minister Eric Lombard in Paris and discussed the progress of the India-EU free trade agreement (FTA) negotiations.

In a post on X social media platform, Goyal said: “Held a productive meeting with @Eric_R_Lombard, French Minister of Economy, Finance, and Industrial and Digital Sovereignty”.

“Exchanged views on deepening our economic partnership, enhancing trade & investments with a special focus on technology and innovation across key sectors. Also discussed the progress of the India-EU FTA negotiations,” the Union Minister further posted.

Goyal said he is looking forward to stronger India-France economic ties.

Earlier in the day, Goyal held a meeting with Christophe Perillat, CEO of Valeo Group, a global automotive supplier company with a strong footprint in India.

“Appreciate the company’s trust in India’s growth story and their plans to enhance investments in the country. We discussed avenues to scale up their manufacturing presence in India,” the Union Minister informed.

He also met Nicolas Hieronimus, CEO of the L'Oréal Group, and discussed opportunities for L'Oréal to ‘Make in India’ for the world.

Commerce Minister also met other top global CEOs in Paris to explore their future investment plans for the India market in promising sectors like electric vehicle and renewable energy (RE).

The minister is on an official trip to France with the aim of boosting trade and investments and will also attend a ministerial meeting of the World Trade Organisation (WTO) on Tuesday.

Commerce Minister has also indicated that India is likely to sign a free trade agreement (FTA) with Oman soon, as the talks between the two countries are making headway.

Following his engagements in France, the Union Minister will proceed to Italy for the next leg of his official visit.

- IANS

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Reader Comments

R
Rahul K.
This is excellent news! France has always been a reliable partner for India. The FTA with EU could be game-changing for our tech and manufacturing sectors. Hope we get favorable terms for our pharma and IT industries 🇮🇳🤝🇫🇷
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Priya M.
While FTAs are good, I hope our negotiators ensure our farmers and small businesses are protected. European markets are highly competitive and we've seen issues with previous trade deals. Need balanced approach!
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Arjun S.
France is key for India's defense and technology partnerships. If this FTA helps us get more French investments in EV and renewable energy, it's win-win. Jai Hind!
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Sunita R.
Good to see focus on 'Make in India' for global companies like L'Oréal. But will this create enough jobs for our youth? That should be the real measure of success.
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Vikram J.
The Oman FTA mentioned at the end is equally important! Gulf countries are where millions of Indians work. Hope it eases visa norms and protects worker rights.
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Neha P.
France-India friendship is special ❤️ From Rafale jets to now trade deals, this partnership keeps growing stronger. But hope we don't compromise on local manufacturing while welcoming foreign companies.

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