May 2, 2025
Union Minister Piyush Goyal met EU Trade Commissioner Maros Sefcovic in Brussels to advance FTA negotiations
The dialogue focused on expanding market access and building resilient, diversified supply chains
Goyal said the meeting helped redefine the India-EU partnership and laid the groundwork for strategic collaboration
Both sides stressed that the FTA should promote innovation, competitiveness, and sustainable development
Union Minister of Commerce and Industry, Piyush Goyal, held a high-level meeting in Brussels with European Union Commissioner for Trade and Economic Security, Maros Sefcovic, to assess progress on the India-EU Free Trade Agreement (FTA).
Both sides reiterated their aim to finalise the agreement by the end of 2025, marking a renewed political push to complete one of India’s most significant trade deals. Goyal characterised the meeting as highly productive and said it helped reshape the strategic direction of the India-EU relationship.
The discussions centred on improving market access for businesses in both regions and reinforcing secure, diversified supply chains. The goal is to craft an agreement that strengthens trade ties and supports the broader goal of sustainable growth for both economies.
In a social media post, Goyal highlighted that both India and the EU are committed to concluding the FTA within the set timeline. He noted the deal would drive innovation, bolster competitiveness, and encourage forward-looking investments and cross-border mobility.
The two sides emphasised the need for a fair, comprehensive agreement that fosters mutual prosperity. Leadership from Prime Minister Narendra Modi and European Commission President Ursula von der Leyen was acknowledged as instrumental in advancing the ongoing talks.
The India-EU FTA negotiations have been underway for several years. The meeting in Brussels signals a clear intent from both parties to resolve outstanding issues and seal the deal, unlocking new trade, investment, and employment opportunities across both regions.
Source: Economic Times