European Union Ambassador to India Herve Delphin on Wednesday said that there is “strong political commitment” from both sides to conclude the revamped India-EU Free Trade Agreement by the end of 2025.
Of the 23 chapters under discussion, 11 have already been closed. Important chapters still under negotiation include market access for cars, steel, some aspects of services and investment and technical barriers to trade, Ambassador Delphin said.
“No doubt, there is a strong political commitment to conclude the FTA negotiations by the end of the year,” he added.
Herve Delphin stated that a 40-member EU negotiator team is arriving in Delhi this week to resolve lingering hurdles. Current bilateral goods trade stands at approximately USD 136 billion, making the EU India’s third-largest trading partner after the US and China.
Delphin emphasised that the agreement is WTO-compatible and not a zero-sum game. EU and India combined represent 25 per cent of world GDP and 25 per cent of global​European Union Ambassador to India Herve Delphin on Wednesday said that there is “strong political commitment” from both sides to conclude the revamped India-EU Free Trade Agreement by the end of 2025.
Of the 23 chapters under discussion, 11 have already been closed. Important chapters still under negotiation include market access for cars, steel, some aspects of services and investment and technical barriers to trade, Ambassador Delphin said.
“No doubt, there is a strong political commitment to conclude the FTA negotiations by the end of the year,” he added.
Herve Delphin stated that a 40-member EU negotiator team is arriving in Delhi this week to resolve lingering hurdles. Current bilateral goods trade stands at approximately USD 136 billion, making the EU India’s third-largest trading partner after the US and China.
Delphin emphasised that the agreement is WTO-compatible and not a zero-sum game. EU and India combined represent 25 per cent of world GDP and 25 per cent of global ​Latest News [ SOBAN NEWS: International and National ]
