India & EU aiming for full-scale FTA in weekstariffs on auto parts

THE INDIA-EU trade deal has 23 chapters and all of them barring one or two at the periphery of trade may be kept out, the official quoted above said.

- 

The EU regulations regarding carbon emission—Carbon Border Adjustment Mechanism (CBAM) and Deforestation Regulation (DR)—that will have a direct bearing on trade are also being discussed by both sides.

The key chapters dealing with core trade issues in the India-EU FTA—negotiations for which began in 2022—are trade in goods and services, rules of origin, customs, technical barriers to trade, trade remedies and dispute settlements.

The agreement also has to cover areas like government procurement, intellectual property, competition, merger control and subsidies, transparency and good regulatory practices and sustainable food systems.