India and the European Union resume talks on a free-trade deal after a nine-year gap as Western countries seek to wean New Delhi off its close economic ties to Russia
The European Union and India relaunched negotiations to forge a free trade agreement, stalled since 2013, with the aim of completing talks by the end of 2023.
"Both sides are aiming for the trade negotiations to be broad-based, balanced and comprehensive, based on the principles of fairness and reciprocity," India's commerce ministry has said earlier when announcing the first round of talks in Delhi, which were due to run until Friday. The European Union is India's second-biggest trading partner after the United States but talks with the bloc broke down in 2013 over issues including tariff reductions and patent protection.
Dubbed the "tariff king" by former US president Donald Trump, India has become more open to lowering trade barriers in recent years and is negotiating pacts with several other countries.
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