New Delhi, Oct. 5 -- Highlighting the potential of the India-EU trade agreement, Union Finance Minister Nirmala Sitharaman said the agreement could support employment in labour-intensive sectors such as footwear, textiles, toys and processed products, many of which are linked to micro and small enterprises.

"Those are all in the micro and small medium industry segment, which are labour-intensive," Sitharaman said, speaking at the Munich Leaders Meeting, adding that greater access to the European market could generate "more exports, more jobs".

"So when my export to a large block of nations includes these items, whether it is footwear, textile, toys, some processed material, components, they are all in the micro and small medium industry...