India seeks balanced FTA with EU, aiming to boost trade and respect mutual sensitivities.

India's Commerce Minister, Piyush Goyal, is pushing for a balanced and comprehensive Free Trade Agreement (FTA) with the European Union. The FTA negotiations have been ongoing for nine rounds but need political guidance to reach a meaningful deal. Goyal emphasized respecting each other's sensitivities, especially regarding sustainability and the principle of Common But Differentiated Responsibilities. The EU is India's largest trading partner, with bilateral trade reaching $137.41 billion in goods and $51.45 billion in services in 2023-24. A successful FTA would help India expand and diversify its exports and strengthen its value chains.

3 months ago
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