India, EU Close In on Long-Pending Trade Deal
India and the European Union are nearing an agreement on a comprehensive free trade pact after years of stalled negotiations. Officials involved in the discussions said talks have progressed significantly, with both sides narrowing differences on key economic sectors.
Focus on Telecoms and Finance
The proposed agreement is expected to include greater market access and regulatory cooperation in sensitive sectors such as telecoms, financial services, and digital trade. The EU has been seeking stronger safeguards and predictable rules for its companies operating in India, while New Delhi has pushed for easier access for Indian professionals and service providers in European markets.
India is also considering selective tariff reductions on certain European goods as part of the deal, while protecting domestic industries. The EU, in turn, is expected to open up more opportunities for Indian exports and investments.
Strategic Importance
The trade agreement is being viewed as strategically important for both sides amid global economic uncertainty and shifting supply chains. If concluded, it would mark one of India’s most significant trade partnerships and deepen economic ties with the 27-nation bloc.
Officials said while broad political consensus has emerged, some technical details are still being finalised.
