Overview

• India and the European Union aim to finalize a comprehensive free trade agreement by the end of 2025, following years of stalled negotiations.
• The proposed deal seeks to address key issues, including tariff reductions, improved market access, and mobility for skilled workers.
• India and the EU are also exploring a new security and defense partnership to tackle shared challenges such as terrorism, cyber threats, and maritime security.
• Discussions highlighted the strategic importance of the India-Middle East-Europe Corridor, which aims to enhance connectivity and global trade routes.
• The EU remains India's largest trading partner, with bilateral trade exceeding $137 billion in 2023-24, and both sides are pushing for increased collaboration in green technology, pharmaceuticals, and infrastructure.