India and EU Resume Free Trade Agreement Negotiations
| Aspect | Details |
|---|---|
| Event | India-EU Free Trade Agreement (FTA) negotiations resumed |
| Round of Talks | 11th round (May 12-16, 2025) in Brussels |
| Objective | Finalise interim agreement, achieve comprehensive FTA by end of 2025 |
| Key Focus | Enhance market access, reduce non-tariff barriers (NTBs), trade liberalisation in low-conflict sectors |
| Background | Ongoing negotiations since 2007, India signed ECTA with Australia (2022), nearing UK FTA |
| Other Trade Talks | Exploring Bilateral Trade Agreement (BTA) with the US |
| EU-India Trade Status | EU is one of India's largest trading partners |
| Sectors Benefited | Textiles, IT, pharmaceuticals, automobiles |
| Significance | Deepens economic integration, addresses global trade uncertainty, boosts India's trade image |