New Delhi, April 14 -- Union Commerce Minister Piyush Goyal emphasised the necessity of eliminating existing trade barriers to accelerate discussions and finalise a Free Trade Agreement (FTA) between India and the European Union.

Speaking at the 'Italy-India Business, Science and Technology Forum', Goyal highlighted the importance of understanding the hurdles that have delayed the agreement, noting the significant potential to build on the current bilateral trade volume of USD 15 billion.

"I believe concrete steps need to be taken to expedite the conclusion of the FTA between India and the EU. This will require both the EU, its member states, and India to work in a spirit of cooperation, building mutual trust and a deeper understanding ...