Blitz Bureau
NEW DELHI: The India-EU free trade agreement (FTA) negotiations started on September 8 as the two sides aim to conclude the talks before the year-end deadline amid the US tariff turmoil that has created uncertainties in world trade, according to official sources. The outcome of this round of negotiations will be crucial in determining the next steps, as both sides weigh the possibility of breaking the deadlock on unresolved issues.
Following the negotiating round, Commerce and Industry Minister Piyush Goyal also hold talks with Maros Sefcovic, Commissioner of the European Commission for Trade and Economic Security, who will also be in India on September 12. The negotiations have gathered further momentum after trade talks figured in a phone call on September 4 between Prime Minister Narendra Modi and European Council President Antonio Costa, and European Commission President Ursula von der Leyen. The EU leaders pushed for concluding the negotiations by the end of the year.
Both the 13th and 14th rounds of talks, to be held in Brussels from October 8, will focus on more substantial issues such as technical barriers to trade, sanitary and phytosanitary issues, market access, rules of origin, and public procurements. The two sides have also made progress in evaluating each other’s offers on services and investments, which were exchanged in July. India has made it clear that agricultural and dairy products are a livelihood issue for the country’s farmers and have to be kept out of the free trade pact, and the EU, on its part, is seeking access to the Indian market for automobiles and alcoholic beverages.
