Goyal, Šefčovič meet on India-EU trade talks in New Delhi

• India's Commerce Minister Piyush Goyal met EU Trade Commissioner Maroš Šefčovič in New Delhi to review progress in India-EU trade talks and resolve pending issues.
• The two sides are holding two days of talks, described as "EU-India FTA negotiation 2.0" and the "most arduous leg" after 14 rounds.
• India aims to export more labor-intensive goods, while the EU seeks to increase exports of automobiles and liquor to India.
• The EU is India’s largest trading partner, with bilateral goods trade reaching $137.5 billion in FY 2023-24.
• Talks are proceeding well and are on track to be concluded by year-end, with the EU recently approving India's fisheries exports.

Why It Matters: India-EU trade talks progress, aiming for a deal that will reshape economic relations.