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Tariffs

India and EU to Discuss Key Areas of Proposed FTA, Aim to Conclude Negotiations by December

Strategic Insights

— 1 min read

India's commerce and industry minister Piyush Goyal will hold discussions with European Commissioner for Trade MaroÊí Êáefcovic during his two-day visit to Brussels starting Monday. The talks will focus on key areas of the proposed free trade agreement (FTA), including market access, non-tariff measures, and regulatory cooperation. The two sides aim to conclude the FTA negotiations by December, in addition to ongoing talks for an investment protection agreement and an agreement on geographical indications. India-EU trade in goods amounted to $136.53 billion in 2024-25.

Key Takeaways:

  • Piyush Goyal will hold discussions with European Commissioner for Trade MaroÊí Êáefcovic during his two-day visit to Brussels starting Monday.
  • The talks will focus on key areas of the proposed free trade agreement (FTA), including market access, non-tariff measures, and regulatory cooperation.
  • The two sides aim to conclude the FTA negotiations by December.
  • Separate negotiations for an investment protection agreement and an agreement on geographical indications are also underway.
  • India and the EU concluded the 14th round of FTA negotiations in Brussels on October 10.
  • The EU said the talks focused on firming up an economically meaningful market access package.
  • India's trade with the EU in goods amounted to $136.53 billion in 2024-25.
  • Goyal's visit reflects India's commitment to deepening engagement with the EU and advancing a rules-based global trading system.

Statistics:

  • India-EU trade in goods amounted to $136.53 billion in 2024-25.
  • The two sides aim to conclude the FTA negotiations by December.
  • 14th round of FTA negotiations was concluded on October 10.
  • Goyal holds discussions with MaroÊí Êáefcovic, the European Commissioner for Trade.

Sources:

  • The commerce and industry ministry statement on Sunday
  • "India and EU conclude 14th round of FTA negotiations" [1]
  • EU Trade Commissioner MaroÊí Êáefcovic's statement on the 14th round of negotiations

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