New Delhi, Sept. 12 -- Union Commerce and Industry Minister Piyush Goyal on Friday lauded the relations between India and the European Union, stating that both sides "complement" each other rather than competing with each other.

Goyal was speaking at the ACMA's 65th Annual Session and was addressing the issue of the India-EU Foreign Trade Agreement.

He said that it is essential to expand trade between India and Europe while reflecting on EU President Ursula von der Leyen's quote, "In an era of conflicts and intense competition, you need trusted friends. For Europe, India is such a friend."

"We complement each other, we do not compete with each other. It's important that we look upon this relationship not purely from the lens of what we...