EU-India Free Trade Deal Nears Finish Line as Key Minister Reports No Major Hurdles

Negotiations for a major free-trade agreement between the European Union and India are in their final stages. A top European official expressed strong confidence a deal will be sealed soon. Dutch Foreign Affairs Minister David Van Weel made the announcement in New Delhi on Friday.

He concluded a three-day visit focused on strengthening ties. His comments signal a potential breakthrough in long-running talks. This EU-India Free Trade Agreement is a key priority for both economic blocs.

Final Push in Complex Negotiations

Minister Van Weel discussed the trade pact with Indian counterparts. He met Defence Minister Rajnath Singh and External Affairs Minister S. Jaishankar. He also held talks with National Security Advisor Ajit Doval.

The minister stated there appear to be no big sticking points. He cautioned that trade talks always go down to the wire. Yet he hoped for a fruitful conclusion in the short term.

An EU negotiating team was just in New Delhi this month. They held high-level review meetings to provide strategic guidance. According to reports, bilateral trade between India and the EU reached $136.5 billion recently.

Broader Strategic Partnership Takes Shape

The potential trade deal is part of a wider deepening relationship. Both sides signed a letter of intent on defence cooperation during the visit. They are also expanding collaboration on semiconductors and green hydrogen.

The talks occurred against a backdrop of a recent trade concern. India has sought consultations at the WTO over proposed EU tariffs on ferro-alloys. This shows the complex balance of interests in the final negotiation phase.

Beyond trade, global issues were on the agenda. The ministers discussed the Ukraine conflict and Indo-Pacific security. They also condemned terrorism following a recent incident in Delhi.

A landmark EU-India Free Trade Agreement now seems within reach, promising to reshape one of the world’s most significant trade relationships and unlock new economic potential for both sides.

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What is the current status of the EU-India trade talks?

The negotiations are in their final stages. A key European minister stated there are no major sticking points preventing a deal. High-level meetings were held in December to push for a conclusion.

Why is this trade agreement so important?

The EU is one of India’s largest trading partners. A deal would reduce tariffs and boost billions in bilateral commerce. It is seen as a cornerstone for a deeper strategic partnership.

Were any other agreements made during the Dutch minister’s visit?

Yes. The countries signed a letter of intent on defence cooperation. They also discussed implementing earlier deals on semiconductors and green hydrogen technology.

Is there any recent trade dispute between the EU and India?

India recently sought WTO consultations over EU plans for tariffs on ferro-alloy imports. This separate issue highlights the complex trade landscape both sides are navigating.

What did the ministers say about global security?

They discussed Ukraine, with the Dutch minister urging a peaceful resolution. Talks also covered Indo-Pacific developments and a shared commitment to combatting terrorism.