New Delhi/Brussels, May 16 (UNI) Union Commerce Minister Piyush Goyal and the European Commissioner for Trade Valdis Dombrovskis during their talks in Brussels affirmed their commitment to work together on common priorities for WTO reforms including issues pertaining to dispute resolution mechanism and subsidies on agriculture and fisheries, as well as on expediting the India-EU FTA negotiations.
During their bilateral meeting on the sidelines of the first Ministerial meeting of India-European Union Trade and Technology Council (TTC), they recalled the long-standing partnership between the two sides and underlined the need to work together to deepen the association given their commitment to democracy and rule-based international systems. They emphasised the need for expediting the ongoing FTA negotiations by finding convergence on all issues after due consideration to mutual sensitivities including on market access for balanced and meaningful outcomes that would support the economies and employment on both sides, a statement said.
They also affirmed their commitment to work together on common priorities for WTO reforms including issues pertaining to dispute resolution mechanism, subsidies on agriculture and fisheries, ecommerce moratorium as well as domestic legislations. Both sides recognised the need to build on their common goals to pursue consensus-based solutions that would support the livelihoods and food security for millions in India as well as in large parts of the developing world.