India and EU Strengthen Ties: A Step Closer to a Comprehensive Free Trade Agreement

Strengthening India-EU Relations

New Delhi: India and the European Union (EU) have reiterated their commitment to resolving outstanding issues through constructive dialogue aimed at achieving a mutually beneficial free trade agreement (FTA), as stated in an official announcement on Saturday.

In recent ministerial discussions, both parties highlighted the strategic necessity of finalizing a fair, balanced, and ambitious agreement that reflects their common values, economic goals, and dedication to a rules-based trading system, according to the Ministry of Commerce and Industry.

Commerce and Industry Minister Piyush Goyal wrapped up a pivotal two-day visit to Brussels, marking significant progress in the India-EU FTA negotiations.

During high-level talks with Trade and Economic Security Commissioner Maros Sefcovic, both leaders directed their negotiating teams to address unresolved issues and accelerate the agreement's progress.

This visit concluded a week filled with intensive diplomatic and technical discussions in Brussels, emphasizing both sides' political commitment to achieving a comprehensive deal.

Prior to the ministerial engagement, high-level talks took place between Commerce Secretary Rajesh Agrawal and Sabine Weyand, the Director-General for Trade at the European Commission.

These meetings aimed to assess the progress made across various negotiation tracks, with officials working to 'narrow divergences' and clarify outstanding issues, paving the way for the ministerial dialogue.

During their discussions, Goyal and Sefcovic engaged in detailed conversations regarding key aspects of the proposed agreement. Both sides acknowledged the steady advancements made across various negotiation tracks, including Market Access for Goods, Rules of Origin, and Services.

The ministerial discussions reaffirmed the strong political will on both sides to tackle pending issues through constructive engagement. They emphasized the strategic importance of concluding a fair, balanced, and ambitious agreement that aligns with their shared values and economic priorities.

The official statement concluded with both parties expressing renewed confidence and determination towards the swift conclusion of a modern, comprehensive, and mutually beneficial agreement.