File picture of Union Commerce and Industry Minister Piyush Goyal. As the India-European Union set to begin trade talks from October 6, Mr. Goyal had just lately expressed hope that the 2 sides will signal the settlement quickly.
| Photo Credit: ANI
Senior officers of India and the 27-nation European Union (EU) will start the next round of talks for a proposed free trade settlement on Monday (October 6, 2025) in Brussels to iron out variations on points for early conclusion of the negotiations, an official stated.
This would be the 14th round of negotiations between the 2 sides. The five-day talks will begin on October 6, the official stated.
Commerce and Industry Minister Piyush Goyal has just lately expressed hope that the 2 sides will signal the settlement quickly.
The pact goals at boosting two-way commerce and investments.
Mr. Goyal can be seemingly to meet EU Trade Commissioner Maros Sefcovic in South Africa later this month to evaluation the progress of talks, because the deadline to conclude the negotiations is December.
Sefcovic and the European Commission’s Agriculture Commissioner Christophe Hansen had been right here final month to evaluation the progress of talks with Goyal.
Both sides have focused to conclude negotiations by December.
In June 2022, India and the EU bloc resumed negotiations for a complete FTA, an funding safety settlement and a pact on geographical indications after a niche of over eight years. It was stalled in 2013 due to variations on the extent of opening up markets.
Besides demanding vital responsibility cuts in cars and medical gadgets, the EU desires tax discount in different merchandise like wine, spirits, meat, poultry, and a robust mental property regime.
Indian items’ exports to the EU, corresponding to ready-made clothes, prescribed drugs, metal, petroleum merchandise, and electrical equipment, can turn out to be extra aggressive if the pact sails by way of.
The India-EU trade pact negotiations cowl 23 coverage areas or chapters, together with trade in items, trade in providers, funding, sanitary and phytosanitary measures, technical boundaries to trade, trade treatments, guidelines of origin, customs and trade facilitation, competitors, trade defence, authorities procurement, dispute settlement, mental property rights, geographical indications, and sustainable growth.
India’s bilateral trade in items with the EU was $136.53 billion in 2024-25 (exports value $75.85 billion and imports value $60.68 billion), making it the biggest buying and selling accomplice for items.
The EU market accounts for about 17 per cent of India’s whole exports, and the bloc’s exports to India represent 9 per cent of its whole abroad shipments.
In addition, the bilateral trade in providers between India and the EU was estimated at $51.45 billion in 2023.
Published – October 05, 2025 01:57 pm IST