Piyush Goyal Heads to Brussels for Final India-EU Trade Pact Talks

• Commerce Minister Piyush Goyal will visit Brussels on January 8-9 for the final phase of India-EU trade negotiations.
• He will meet EU's Executive Vice-President Maros Sefcovic to push for a comprehensive and mutually beneficial trade agreement.
• The negotiations are at a "most difficult" stage, with issues like the EU's carbon border adjustment mechanism (CBAM) under discussion.
• India-EU bilateral goods trade was USD 136.53 billion in 2024-25, making the EU India's largest trading partner for goods.
• The pact covers 23 policy areas, aiming to boost Indian exports like garments, pharmaceuticals, and steel, while addressing EU demands on duties and IP.

Why It Matters: India and EU intensify efforts to finalize a crucial trade pact, with Piyush Goyal leading the final negotiation phase.