India-EU Economic Partnership

India is collaborating with the European Union to develop advanced technologies and ensure the security of critical raw material supply chains, strengthening economic bonds.

Key Initiatives

• Partnership aims to develop cutting-edge technologies and secure raw material supply chains, enhancing economic ties.
• Engagement includes a commercially meaningful trade agenda addressing both tariff and non-tariff barriers.
• Focus on developing resilient supply chains and reducing dependencies on non-market economies.

Trade and Investment Agreement

• Efforts to create a mutually beneficial Free Trade Agreement (FTA) with the EU.
• Political directives to expedite a robust FTA and address global challenges.
• Continuous consultations planned between senior officials and at ministerial levels.

Sustainable Development Cooperation

• Discussions on trade and sustainable development based on common but differentiated responsibilities.
• Addressing legacy issues and enhancing cooperation through the India-EU Trade and Technology Council (TTC).

Sustainability Concerns

India has raised concerns over the EU’s sustainability measures like the Carbon Border Adjustment Mechanism and Deforestation Regulation, citing them as non-tariff barriers.

Strategic Discussions

With nine rounds of negotiations completed, strategic political guidance is deemed necessary for concluding a commercially significant FTA, considering each side's sensitivities.