India, EU discuss efforts to accelerate FTA talks
The Hindu
India and EU aim to conclude a free trade agreement by year-end to boost bilateral trade and investments.
With India and the European Union (EU) setting the year-end deadline to conclude a free trade agreement, teams from both sides held discussions on Saturday (March 1, 2025) to accelerate efforts towards a balanced and mutually beneficial pact.
The meeting was held between Commerce and Industry Minister Piyush Goyal and EU Commissioner for Trade and Economic Security Maros Sefcovic in Mumbai along with officials from both sides.
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“Our discussions focused on accelerating efforts towards a balanced and mutually beneficial free trade agreement. Looking forward to deepening economic ties and fostering a prosperous India-EU partnership,” Mr. Goyal said in a post on X.
On February 28, Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed to seal a much-awaited free trade deal by this year amid rising concerns over U.S. President Donald Trump’s policy on tariffs.
The two sides are scheduled to hold the tenth round of negotiations for the FTA from March 10-14 in Brussels.
Further strengthening of economic ties between the two is crucial in light of the threat from U.S. President Donald Trump to impose higher tariffs. In the current uncertain global economic situation, India is the fastest-growing major economy. It is projected to grow at 6.4% in 2024-25.
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