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India and EU Reaffirm Commitment to Conclude Free Trade Agreement by 2025

Commerce Minister Piyush Goyal and EU Commissioner Maros Sefcovic emphasize balanced focus on tariff and non-tariff barriers ahead of May negotiations in New Delhi.

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Overview

  • India and the EU aim to finalize a comprehensive Free Trade Agreement by the end of 2025, with monthly negotiation rounds and virtual engagements to sustain progress.
  • Both sides stressed the need to address non-tariff barriers alongside tariff reductions to ensure meaningful market access and fair trade outcomes.
  • The agreement aspires to support digital transition, promote resilient supply chains, and reflect evolving global trade dynamics.
  • Key goals include enhancing market access, fostering regulatory cooperation, and stimulating innovation and competitiveness for businesses on both sides.
  • The next round of negotiations is scheduled for May 12–16 in New Delhi, with both parties committed to resolving pending issues and maintaining negotiation momentum.