Week after UK deal, EU and India wrap up IPR, talks on carbon tax left

A week after India announced its trade deal with the UK amid tariff threats from US President Donald Trump, the European Union and India have made significant progress in their trade talks between May 12 and May 17, closing as many as five chapters including the challenging area of intellectual property rights (IPR), a status report released Tuesday by the EU said.

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The conclusion of the UK deal is an "important factor" in Delhi's trade negotiations with Brussels, a government official told The Indian Express, since UK's exit from the EU single market in 2020 had given rise to tensions between London and Brussels over new checks, paperwork and delays that particularly affected goods trade between the two partners.India has given market access to several product categories in which the EU and the UK are competitors, particularly spirits, medical equipment, and cars. An early deal with India has already given the UK a first-mover advantage in the Indian market.