India, EU Hold Talks on Outstanding Trade Pact Issues

• India and the EU held discussions on outstanding issues for a proposed trade pact.
• Commerce Minister Piyush Goyal and EU Trade Commissioner Maros Sefcovic led the talks.
• Key differences remain in areas such as steel, carbon tax, automobiles, and non-tariff barriers.
• Negotiations for a comprehensive FTA, investment protection, and geographical indications resumed in June 2022 after an eight-year hiatus.
• The EU is India's largest trading partner for goods, with bilateral trade reaching USD 136.53 billion in 2024-25.

Why It Matters: India-EU trade pact negotiations will impact future economic growth.