India, EU FTA: Steel, carbon tax, autos key to final sprint talks

india
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Moneycontrol•07-12-2025, 19:43
India, EU FTA: Steel, carbon tax, autos key to final sprint talks
- •India and the EU are in the final sprint to conclude a Free Trade Agreement (FTA).
- •The EU team, led by Sabine Weyand, will meet India's Commerce Minister Piyush Goyal on Monday for discussions.
- •Key differences remain on issues such as steel, carbon tax, automobiles, and non-tariff barriers.
- •Both sides aim to conclude the FTA negotiations by the end of the year.
- •The EU is India's largest trading partner for goods, with bilateral trade at USD 136.53 billion in 2024-25.
Why It Matters: India-EU FTA talks will reshape trade, market access, and economic ties.
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