Working on negotiation of EU-India Free Trade Agreement: Jaishankar in Cyprus

Dec 30, 2022

Nicosia (Cyprus), Dec 30 (ANI): External Affairs Minister of India Dr S Jaishankar attended a business event in Nicosia, Cyprus on December 30. While addressing the event, he said that India is working on free trade agreements with different countries to promote business; the one with European Union is under negotiation. “Today India’s a trusted partner when it comes to the global supply chain. We’re working on free trade agreements with different countries to promote business; the one with European Union is under negotiation. This year, we concluded 2 agreements with Australia and UAE respectively,” he said. “We are receiving the highest FDI flows in our history. Last year, we received $81 billion as FDI. Our trade has expanded substantially. For the year 2021-22, for the first time our exports crossed $400 billion and this year we have set a target of $470 billion,” added External Affairs Minister of India Dr S Jaishankar. He further added, “We have become home to one of the world’s largest start-up ecosystems. We host close to 100 unicorns now. In fact, we have the third largest number of unicorns currently.”