Analysts say that breakthrough could be near following a new round of high-level talks in New Delhi that has injected new urgency into negotiations stuck in procedural drift for years. Both sides are seeking to secure supply chains and reduce volatility at a time of growing U.S. protectionism and changes in global trade directions.
Indian Commerce Minister Piyush Goyal met European Trade Commissioner Maros Sefcovic in Delhi on Monday, renewing efforts to end long-running negotiations.
The two sides agreed earlier this year to accelerate talks toward an end-of-year target, with momentum growing since Washington raised tariffs on major trading partners, including India, this summer.
“We discussed the progress made under the India-EU FTA and explored ways to resolve issues to move the negotiations forward,” Goyal said in a social media post after the meeting, adding that he “looked forward to continued cooperation towards a mutually beneficial pact.”
Carbon friction
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