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Addressing Non-Tariff Barriers Key for India, EU Trade Pact, Says Piyush Goyal

  • On June 10, 2025, India’s Commerce and Industry Ministry announced that negotiations with the European Union, comprising 27 countries, are close to concluding a free trade agreement.
  • Negotiations resumed in June 2022 after over eight years, covering a free trade agreement, investment protection, and a pact on geographical indications.
  • Goyal highlighted that both sides agreed to respect sensitivities, address non-tariff barriers, and avoid letting irritants block the agreement.
  • He highlighted that if nations do not address excessive regulation and trade obstacles, and fail to take reciprocal measures, it will negatively impact all parties involved, citing issues such as the Carbon Border Adjustment Mechanism as examples.
  • This near-completion of talks promises to unlock growth opportunities for India and the EU while requiring solutions for regulatory and non-tariff issues.
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Amar Ujala broke the news in India on Tuesday, June 10, 2025.
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