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Equal Focus on Tariff, Non-Tariff Barriers in EU Trade Talks: Commerce Minister

2 min read

India-EU Free Trade Agreement (FTA) Negotiations

The negotiations for the proposed Free Trade Agreement (FTA) between India and the European Union (EU) are focused equally on tariff and non-tariff barriers. Both parties aim to conclude the FTA by the end of 2025.

Key Highlights of the Negotiations

  • Commerce and Industry Minister emphasized the importance of addressing both tariff and non-tariff barriers to ensure meaningful market access while respecting sectoral sensitivities.
  • It was underscored that regulatory frameworks should be inclusive, proportionate, and refrain from restricting trade.
  • The agreement is expected to serve as a transformative pillar in enhancing market access, aligning regulatory practices, and boosting innovation and competitiveness between the EU and India.

Strategic Importance and Future Engagements

  • The high-level dialogue highlighted the strategic importance of a mutually beneficial trade partnership, supporting economic resilience and inclusive growth.
  • Continuous momentum is maintained through monthly negotiating rounds and ongoing virtual engagements.
  • The 11th round of FTA negotiations is scheduled from May 12 to 16 in New Delhi.

Background and Progress

  • India and the EU resumed FTA negotiations in June 2022 after a nine-year hiatus. Despite nine intense rounds, progress has been slow.
  • In parallel, negotiations for an investment protection agreement and an agreement on geographical indications are underway.
  • Both parties acknowledge the vital role of investment flows and people-to-people mobility in sustaining economic vitality.
  • Tags :
  • India EU BTIA
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