Karel De Gucht, the European Union Trade Commissioner called on Anand Sharma the Union Minister of Commerce, Industry & Textiles, here today. During the meeting Sharma said, “India-EU Summit will further strengthen the two large economies of the world and the proposed BTIA will give a fillip to an expanded and more diversified trade between the two sides.” Both the leaders met individually and with delegation to bring convergence to various issues and iron out differences on trade related issues.
Sharma noted that EU is an important trading partner of India and as a region; EU is India`s 3rd largest trading partner in the world. The exports growth is 30% in 2010- 11 which accounts for 53.494 billion US $.