New Delhi: Commerce and Industry Minister Piyush Goyal and European Commissioner for Trade and Economic Security, Maros Sefcovic, have reaffirmed their shared resolve to conclude the India-European Union Free Trade Agreement (FTA) by the end of 2025.
Both sides reiterated their aim to address pending issues in a spirit of mutual respect and pragmatism, including at the next round scheduled to be held from May 12-16 in New Delhi, according to an official statement issued after the meeting in Brussels.
This commitment builds on the strategic direction given by Prime Minister Narendra Modi and President of the European Commission, Ursula von der Leyen, during the landmark visit of the EU College of Commissioners to New Delhi in February this year, the statement said.
“In my highly productive dialogue with EU Commissioner for Trade and Economic Security Maros Sefcovic today, we reaffirmed our shared commitment to concluding the India–EU Free Trade Agreement negotiations by the end of 2025,” Goyal posted on X social media platform.
“As we advance in our negotiations, our focus is on enhancing market access for businesses, promoting trusted and diversified supply chains, and deepening our partnership to drive the growth of our economies,” the minister explained.
“We also discussed boosting innovation and competitiveness, and the critical role of investments and mobility in shaping a future-ready agreement,” he added.
Both India and EU, under the leadership of PM Modi and EU President, remain committed to working towards a mutually beneficial and strategic agreement for shared prosperity and sustainable development of our regions, said the Union Minister.
