India, EU in Crucial Talks to Resolve Trade Pact Differences

• Commerce Minister Piyush Goyal and EU Trade Commissioner Maros Sefcovic held discussions on pending issues for the India-EU trade pact.
• Negotiations for the comprehensive free trade agreement are in a crucial phase, with both sides keen to finalize it.
• Key unresolved issues include steel, the EU’s carbon border tax, automobiles, and non-tariff barriers.
• India and the EU resumed trade talks in June 2022 after an eight-year pause, covering 23 policy areas.
• The EU is India's largest trading partner, with bilateral goods trade reaching $136.53 billion in 2024–25.

Why It Matters: Crucial India-EU trade talks could reshape economic ties and market access for goods.