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India and EU set to resume negotiations for free trade pact

The negotiations for a trade pact between India and European Union had started in 2007, but the talks stalled in 2013 as they failed to reach an agreement from both sides on key issues, including custom duties on automobiles and spirits, and the movement of professionals.

Photo by Kurt Cotoaga / Unsplash

After a gap of over eight years, India and European Union (EU) have resumed negotiations on Monday, for a comprehensive free trade agreement (FTA), a move aimed at strengthening economic ties between the two regions and the discussions will hold by senior officials from both sides till July 1.

On June 17, India and European Union formally had resumed negotiations on the proposed agreements on trade, investments and Geographical Indications (GI) –an agricultural, natural or a manufactures product originating from a definite geographical territory.

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