ANI
29 Oct 2025, 12:04 GMT+10
New Delhi [India], October 29 (ANI): Union Minister of Commerce and Industry Piyush Goyal visited Brussels from 26-28 October 2025 and had productive and meaningful engagements with Maros Sefcovic, European Commissioner for Trade and Economic Security and his team on outstanding issues related to the ongoing India-EU FTA negotiations, as per a press release by the Ministry of Commerce & Industry.
'Both sides reaffirmed their shared commitment to conclude the India-EU FTA by the end of 2025, following the clear direction from Prime Minister Narendra Modi and President of the European Commission Ursula von der Leyen during the College of Commissioners' visit to New Delhi in February 2025,' the release said.
The engagement focused on achieving a 'mutually beneficial, balanced and equitable trade agreement, reflecting the depth of political trust and the strategic ties between India and the European Union,' and at the same time respecting each other's sensitivities and priorities.
India recognises the importance of ensuring that the FTA remains balanced in addressing both tariff and non-tariff barriers and creating transparent and predictable regulatory frameworks that accelerate trade for both partners in the coming years.
There was intensive engagement to explore possible landing zones on the outstanding issues. 'There was also a good discussion on India's concerns on Non Tariff Measures and the new EU regulations. During the negotiations, HCIM emphasised the need for preferential treatment for India's key asks, particularly those with respect to labour-intensive sectors. Both sides agreed to work closely to finalise the non-sensitive industrial tariff lines,' the release noted.
The ministers also agreed that issues related to Steel, Auto, CBAM, and other EU regulations still require further discussion, as they are more sensitive.
The release stated that India looks forward to working closely with the European Union to transform their vision into reality through 'shared innovation, balanced, equitable, and meaningful trade, and a collective commitment to peace and prosperity.'
To advance the ongoing discussions, the EU technical team led by the Director General for Trade will visit India next week with the objective of achieving a constructive conclusion based on the potential solutions identified over the past two days. (ANI)
Get a daily dose of Russia Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Russia Herald.
More InformationSHANGHAI, China: Luxury brands are redoubling efforts to charm wealthy Chinese shoppers as spending slowly revives, betting that exclusive...
NEW YORK, New York - U.S. stock indices closed firmly in positive territory on Tuesday, with technology shares leading the charge as...
TOKYO: As President Donald Trump arrived in Japan on October 27, newly installed Prime Minister Sanae Takaichi was preparing for a...
AMSTERDAM, Netherlands: Amazon will pour 1.4 billion euros (US$1.63 billion) into its Dutch operations over the next three years, marking...
TOKYO, Japan: Japan has launched the world's first yen-pegged stablecoin, marking a slight but notable step toward digital payments...
NEW YORK, New York - U.S. stocks rallied on Monday on hopes China and the United States are on the brink of reaching a deal to settle...
New Delhi [India], October 29 (ANI): Union Minister of Commerce and Industry Piyush Goyal visited Brussels from 26-28 October 2025...
In an environment where there could be less external demand ... say, from Europe and the United States, Asia needs to rely more on...
New Delhi [India], October 29 (ANI): Congress leader Jairam Ramesh on Wednesday took a subtle dig at Prime Minister Narendra Modi over...
New Delhi [India], October 29 (ANI): Seventy-two per cent of young Indians expect countries of the Global South including India, South...
Brussels [Belgium], October 29 (ANI): European Union's Ambassador to India, Herve Delphin hailed the progress made in the India-EU...
But instead of hiding the theft, we made the artifact famous by registering it in Interpol's database and featuring it in every presentation,...
