New Delhi, Sept. 12 -- India and the European Union are working with sincerity and commitment to finalise a comprehensive and balanced Free Trade Agreement that will benefit businesses and consumers on both sides, said Union Minister of Commerce and Industry Piyush Goyal, addressing the 65th Annual Session of the Automotive Component Manufacturers Association (ACMA) on Friday.

According to a statement from the commerce ministry, Minister Goyal noted that such an agreement cannot be a one-sided arrangement, as every negotiation involves a certain degree of give and take to ensure fairness and balance.

The Minister said that it is important not to let the search for a perfect deal become the enemy of progress, and stressed that the direct...