India-EU FTA talks in final stage: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Tuesday said that Free Trade Agreement (FTA) negotiations between India and the European Union are in an advanced stage, as the two sides are making significant progress.

- TBG NETWORK

Speaking to the reporters in the national capital, Goyal said, "We have reached a very advanced stage in our FTA with the European Union. The Commerce Secretary, as we speak, is in a meeting in Brussels with his counterpart, the DG of the EU. Their team is coming down later this week and will be in active negotiation with us. Minister trade commissioner Maros Sefcovic (European Commissioner for Trade and Economic Security) is coming down on the 12th of this month and we are making very active and significant progress."

The FTA negotiations between the two sides are expected to conclude in 2025. India last month said the two sides engaged in a forward-looking and substantive dialogue to address global trade challenges and reaffirm their shared resolve to conclude the India-European Union Free Trade Agreement (FTA) by the end of 2025.

The India-EU FTA negotiations represent a significant step in strengthening economic ties between India and one of the world's largest trading blocs. The agreement aims to reduce trade barriers, enhance market access, and create new opportunities for businesses on both sides.