India-EU Trade Deal Expected by Republic Day, Talks Extend to New Year

• India-EU trade talks will extend into the new year, with a deal anticipated by Republic Day.
• EU Trade Commissioner Maros Sefcovic confirmed that Indian Commerce Minister Piyush Goyal is expected in Brussels in January for further negotiations.
• The initial goal for a trade deal by year-end was missed due to various issues, pushing the new target to January 26.
• Key sticking points include India's objections to EU's carbon border tax and steel safeguards, and EU's request for reduced tariffs on cars, medical devices, and agricultural products.
• India is seeking relief from non-tariff barriers, better access for its services and professionals, and clearer rules of origin and customs procedures.

Why It Matters: Future India-EU trade deal impacts tariffs, economy, and market access.