A senior group of negotiators from the EU visited New Delhi from 3-7 November for talks with their Indian counterparts on the proposed FTA. A two-day stocktake assembly, on 5-6 November in New Delhi, reviewed key pending points within the FTA negotiations, the ministry mentioned. It coated a number of chapters akin to items, providers, funding, commerce, sustainable improvement, guidelines of origin, and technical commerce obstacles. Either side emphasised the significance of continued technical-level engagement within the coming weeks to bridge remaining gaps and work in direction of the early conclusion of the deal.
India-EU bilateral commerce in items stood at $136.53 billion in FY25. As a part of the negotiations, commerce secretary Rajesh Agrawal held detailed conferences with director common for commerce European Fee Sabine Weyand to evaluate progress made throughout numerous chapters.
Agrawal underscored the necessity for readability and predictability within the implementation of rising EU regulatory frameworks, together with CBAM and the proposed new metal regulation. He additionally reaffirmed India's dedication to attaining an final result that helps financial development and improvement, whereas guaranteeing a good and balanced distribution of advantages, in accordance with the assertion.
Either side expressed satisfaction with the substantive progress achieved in a number of areas and agreed to maintain the optimistic momentum. The talks contributed to lowering variations and attaining a shared understanding on many points.
