Belgian PM pitches Port of Antwerp-Bruges as India’s trade gateway to Europe

Belgian Prime Minister Bart De Wever visited Mumbai to promote the Port of Antwerp-Bruges as a key logistics hub for Indian exports to Europe, highlighting opportunities in various sectors including diamonds, pharmaceuticals, and green hydrogen. The India-Belgium Free Trade Agreement (FTA), which has been in discussion for over 25 years, aims to eliminate or reduce tariffs on more than 95% of goods exports, boosting trade between the two nations currently valued at approximately $13.08 billion.

Union Minister Piyush Goyal invited Belgian companies to invest in India, emphasizing the potential synergies between Belgium's technology and capital and India's scale and workforce, while Maharashtra Chief Minister Devendra Fadnavis expressed a desire for Belgium to be central to Maharashtra's ambition of becoming a $1-trillion economy by 2030.

Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.