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After the 3rd India-EU Trade and Technology Council meeting, Union Minister of Commerce & Industry, Piyush Goyal said, "... This is a historical year in the ties between the EU and India. We concluded the mother of all trade deals, as Her Excellency Von der Leyen called the EU-India free trade agreement... This free trade agreement is fair, equitable, and balanced, truly a win-win agreement for EU businesses in the EU, India businesses and the people of India... Prime Minister Modi termed it a partnership for global good. Today's discussions reaffirmed our shared vision for an innovation-driven, trusted and future-ready growth partnership. The TTC today has become an important pillar of our engagement... We have concluded a work program on foreign direct investment screening. We have exchanged best practices and will help further speed up the flow of investments on both sides. The multilateral trading system is undergoing great turbulence around the world, and therefore our shared commitment to a rules-based, open, inclusive and non-discriminatory World Trade Organisation will help us steer progress at the WTO in the future... Both the EU and India are committed to de-risking our dependencies on certain critical areas. We are both committed to building reliable and diversified supply chains. We are committed to ensuring that our work is outcome-oriented, whether it is in market access, whether it is in harmonising standards, working towards operationalising key supply chain imperatives and for greater collaboration in deep tech startups, innovation ecosystem, industrial partnerships, advanced manufacturing, connectivity, particularly with reference to global turbulence in this regard and overall building strong partnerships through our global capability centres...”