EU FTA talks over; clarity sought on CBAM, steel rules

India and the European Union on Friday concluded talks in the national capital on a proposed free trade agreement, with New Delhi emphasising the importance of clarity and predictability in the implementation of EU's proposed carbon border adjustment mechanism (CBAM) and new steel regulation. "The week-long discussions were part of ongoing efforts to advance negotiations towards a comprehensive, balanced, and mutually beneficial trade agreement," the commerce ministry said in a statement.

A senior team of negotiators from the EU visited New Delhi from 3-7 November for talks with their Indian counterparts on the proposed FTA. A two-day stocktake meeting, on 5-6 November in New Delhi, reviewed key pending issues in the FTA negotiations, the ministry said. It covered multiple chapters such as goods, services, investment, trade, sustainable development, rules of origin, and technical trade barriers. Both sides emphasised the importance of continued technical-level engagement in the coming weeks to bridge remaining gaps and work towards the early conclusion of the deal.

India-EU bilateral trade in goods stood at $136.53 billion in FY25. As part of the negotiations, commerce secretary Rajesh Agrawal held detailed meetings with director general for trade European Commission Sabine Weyand to assess progress made across various chapters.
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