NEW DELHI (Reuters) - India has started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, the trade minister said on Saturday.

Piyush Goyal said that Asia’s third largest economy is open to engage with the U.K. for a preferential trade agreement with the ultimate goal of a free trade agreement between the countries.

He said that he is also in dialogue with the European Union’s trade commissioner for a deal that could start with a preferential trade agreement. He added that the ultimate goal here too would be to have a free trade agreement.

India currently has no trade deal with the EU. Trade talks between the two regions stalled in 2013.