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India, EU push for trade agreement by 2025, focus on market access and innovation

  • India and the European Union reaffirmed their commitment to conclude a comprehensive free trade agreement by the end of 2025 during a meeting in Brussels on May 2, 2025.
  • This renewed push follows a global trade pause until July 8 triggered by U.S. Tariff policies, prompting India to expedite negotiations with major partners including the EU to secure market access promptly.
  • Negotiations focus on reducing tariffs and addressing non-tariff barriers while advancing cooperation in digital trade, supply chains, and regulatory frameworks described as inclusive and balanced by Indian negotiators.
  • Commerce Minister Piyush Goyal described his recent discussions with EU Commissioner Maros Sefcovic as highly fruitful, emphasizing their mutual determination to finalize the India-EU Free Trade Agreement by the end of 2025, potentially making it one of India's most significant trade agreements.
  • If successful, the agreement would transform long-stalled talks into a strategic economic partnership enhancing market access, regulatory cooperation, and competitiveness amid ongoing challenges over intellectual property, environment, and agriculture.
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Devdiscourse broke the news in India on Friday, May 2, 2025.
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