India and EU Resume Free Trade Agreement Negotiations
Aspect | Details |
---|---|
Event | India-EU Free Trade Agreement (FTA) negotiations resumed |
Round of Talks | 11th round (May 12-16, 2025) in Brussels |
Objective | Finalise interim agreement, achieve comprehensive FTA by end of 2025 |
Key Focus | Enhance market access, reduce non-tariff barriers (NTBs), trade liberalisation in low-conflict sectors |
Background | Ongoing negotiations since 2007, India signed ECTA with Australia (2022), nearing UK FTA |
Other Trade Talks | Exploring Bilateral Trade Agreement (BTA) with the US |
EU-India Trade Status | EU is one of India's largest trading partners |
Sectors Benefited | Textiles, IT, pharmaceuticals, automobiles |
Significance | Deepens economic integration, addresses global trade uncertainty, boosts India's trade image |