Explained - Why India and the EU are renewing focus on a long - pending trade pact

0
587

India and the European Union (EU) have once again emphasised the strategic importance of concluding a fair, balanced, and ambitious trade agreement that aligns with their shared values, economic priorities, and commitment to a rules-based trading framework.

In a ministerial-level discussions, both the nations reaffirmed the strong political resolve on either side to address pending issues through constructive engagement and to work towards a comprehensive, mutually advantageous outcome, according to a Commerce Ministry statement.

Union Commerce Minister Piyush Goyal held discussions here with Maros Sefcovic, European Union’s Commissioner for Trade and Economic Security.

The discussions were aimed at providing strategic guidance to the FTA negotiating teams as both sides work towards concluding the agreement at the earliest.

The visit took place against the backdrop of the technical discussions held from December 3-9 in New Delhi across key chapters of India-EU FTA covering Market Access for Goods, Rules of Origin, Services, Technical Barriers to Trade, Trade and Sustainable Development etc.

Goyal and the EU Trade Commissioner carried out detailed deliberations across key areas of the proposed agreement.

Both sides took note of the steady progress achieved across various negotiating tracks and agreed on the need to sustain the current momentum through continued exchanges.

The visit represented a significant milestone in the ongoing India–EU trade dialogue, further underscoring India’s position as a reliable partner for the European Union in advancing diversified, resilient, and future-oriented economic cooperation.

Anchored in the shared principles of prosperity, sustainability, and innovation, the visit concluded with both parties expressing confidence and a renewed determination to intensify efforts toward the early conclusion of a modern, comprehensive, and mutually beneficial agreement.

According to the ministry, the visit of the European Union’s Commissioner for Trade and Economic Security was preceded by high-level discussions between Commerce Secretary and Director-General Trade, European Commission in New Delhi on December 7, 2025, emphasising the shared commitment to intensify dialogue and collaboration, with a focused determination to advance the negotiations towards a timely and mutually beneficial conclusion.

Поиск
Категории
Больше
Fashion Media & Publications
Syre and JEPLAN Partner to Advance Textile-to-Textile Recycling
Strategic collaboration targets faster commercialization of polyester recycling technologies Syre...
От Textile Value Chain 2026-04-08 10:50:16 0 448
Fashion Media & Publications
India’s Textile Industry Faces March Slowdown on Cost Pressures
India’s textile industry saw a slowdown in March, with production dropping across important...
От Apparel Resources 2026-05-02 06:04:24 0 367
Fashion Media & Publications
Novonesis Becomes A Bluesign System Partner, Reinforcing Sustainable Innovation In Textiles And Leather
COPENHAGEN, Denmark  — May 11, 2026 — Novonesis becomes a bluesign System...
От Textile World 2026-05-19 07:29:45 0 107
Fashion Media & Publications
How Bihar is Transforming into a Silk Hub
On the banks of the Ganges in the West Bank region of Bihar, there lies a city known as...
От The Indian Textile Journal 2026-03-24 07:05:53 0 377
Fashion Media & Publications
Aditya Birla Group Showcases Technical Textiles Portfolio at Techtextil 2026 Frankfurt
Aditya Birla Group presents unified technical textiles portfolio for global markets The Aditya...
От Textile Value Chain 2026-04-30 05:56:23 0 626