India, Germany Push for Early Conclusion of India-EU Free Trade Agreement
India and Germany reaffirmed their commitment to an early conclusion of the India-EU free trade agreement during Commerce Minister Piyush Goyal's visit to Brussels. Discussions focused on market access, non-tariff measures, and regulatory cooperation, with both sides aiming to finalize the pact by December.
During Commerce Minister Piyush Goyal's visit to Brussels, India and Germany reiterated their shared commitment to concluding the India-EU free trade agreement (FTA) at the earliest opportunity. Key topics in the discussions included negotiating improved market access for goods and services, addressing non-tariff barriers, and enhancing regulatory cooperation. Both parties expressed a strong desire to finalize the agreement by December, signaling progress in a negotiation process that has seen multiple rounds of talks and mutual reaffirmation of targets in recent months. The commitment not only reflects the deepening strategic partnership between India and Germany but also underscores broader efforts by the European Union to strengthen trade and economic ties with India. The FTA is expected to significantly boost bilateral trade and investment, building on India's status as the EU's ninth largest trading partner. The talks also hint at an integrated approach to economic and regulatory issues, aiming to create a robust framework that benefits both India and the EU. As negotiations enter their final stages, both sides continue to address outstanding issues with the aim of achieving a commercially meaningful and enforceable agreement that opens new opportunities for businesses and investors in both regions.
