In a significant move to consolidate economic ties, India and the European Union have embarked on crucial negotiations to iron out outstanding issues around a proposed free trade agreement. With the negotiation deadline fast approaching, both sides are keen to formulate a mutually beneficial pact.
The week-long deliberations, hosted in India, will address fundamental topics such as trade in goods, services and rules of origin, while exploring technical and institutional issues. The bilateral commitment to a fair deal was highlighted in a statement from India’s commerce ministry.
Amid these discussions, high-level talks are expected to take place between EU Trade Director-General Sabine Weyand and Indian Commerce Secretary Rajesh Aggarwal. Challenges such as the EU carbon tax and trade barriers are crucial points on the agenda, as both sides aim to finalize a deal by December.
(With input from agencies.)
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