India Says Trade Deal With EU Is Close
India is close to concluding a long-pending trade agreement with the European Union, according to the country’s trade secretary. He said negotiations have reached an advanced stage, with most chapters settled and only a few technical issues left to be resolved.
Timing Linked To High-Level Meetings
Officials indicated that both sides are working toward finalising the deal around upcoming high-level engagements between Indian and EU leaders. While no formal deadline has been announced, there is an effort to use political momentum to bring the negotiations to a close.
Scope Of The Agreement
The proposed agreement is expected to cover goods, services, investment, and regulatory cooperation. If concluded, it would be among India’s most comprehensive trade deals, opening greater access to European markets while allowing EU firms improved entry into India’s economy.
Why It Matters
The EU is one of India’s largest trading partners, and the agreement is seen as a key step in boosting bilateral trade and investment. The deal also reflects India’s broader strategy to diversify trade partnerships amid global economic uncertainty.
