The Indian Minister of Commerce and Industry Piyush Goyal and the Commercial and Economic Security Commissioner of the European Union, Maros Sefcovic, agreed to accelerate the talks to finalize the Indian Union-Union (ALE) free trade agreement by the end of 2025.
After their meeting in Brussels, the two parties confirmed that they would continue the discussions in a practical and respectful manner. The next series of conferences is scheduled for New Delhi from May 12 to 16.
This decision follows the management given by Prime Minister Narendra Modi and the president of the European Commission Ursula von der Leyen during the visit of the EU commissioners to New Delhi in February of this year.
Goyal, sharing an update on the X social media platform, said that discussions were very productive and that the two parties are determined to conclude the agreement in time.
“While we are progressing in our negotiations, we focus on improving market access for companies, promoting trust and diversified supply chains and deepening our partnership to stimulate the growth of our economies,” he said.
“We have also discussed the increase in innovation and competitiveness, and the essential role of investments and mobility in training a ready for the future,” added Goyal.
Redefine the India Partnership – EU 🇮🇳🇪🇺
In my highly productive dialogue with the EU Commissioner for Trade and Economic Safety @Marossefcovic Today, we have reaffirmed our common commitment to conclude the negotiations of the Indian-EU free trade agreement by the end of 2025.
Like us … pic.twitter.com/ytef27ydh0
– Piyush Goyal (@piyushgoyal) May 1, 2025
Reunion has shown how India and the EU consider the importance of this agreement, not only for trade, but also for overall economic growth and stronger links between the two regions.
Until now, good progress has been made in many areas, and the two parties plan to maintain momentum with regular conferences and virtual meetings.
India has also stressed that if the discussion of the prices is important, equal attention must be paid to the elimination of non -pricing barriers (TNT) and ensuring that the regulations are fair and adapted to exchanges.
India-EU FTA aims to support digital change, to build solid and reliable supply chains and to stimulate cooperation in rules, technology and innovation. Once finished, the agreement should change the situation in India-EU relations.
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