India, EU officials may meet in March to clear FTA logjam

India and the European Union are gearing up for the next round of free trade agreement talks in March 2025 in Brussels. They aim to resolve differences on rules of origin and government procurement. Market access for Indian goods, services, and ...

Agencies
New Delhi: India and the European Union are looking to bridge their differences on issues pertaining to rules of origin and government procurement in the next round of the bilateral free trade agreement (FTA) talks likely to be scheduled in March in Brussels.

Officials said the 10th round of negotiations next round on the proposed trade deal could be held on March 10-14, 2025 and is likely to cover wider elements.

The ninth round in September was a restricted one held to assess the exact picture of the positions of the two sides.


"We have exchanged our key asks and now their commercial significance is being assessed. The next round will be in the first quarter of next year," said an official. The two sides are expected to build on the limited progress made on issues such as rules of origin and government procurement, and New Delhi has conveyed to the EU that market access for its goods, services and investment should be the focus areas of the talks. The last round failed to resolve certain issues related to state-owned enterprises, 'Make in India' and its application to EU bidders and goods in the negotiations on government procurement.

India, EU Officials may Meet in March to Clear FTA Logjam

Moreover, the positions of the two sides on the negotiations on rules of origin, which are key to check FTA circumvention and cheap imports, and technical regulations and conformity assessment were different on some products. "We have seen progress on talks on sanitary and phytosanitary measures, dispute settlement and good regulatory practices," said another official.

ADVERTISEMENT
India and the EU relaunched negotiations for an FTA after a nine-year hiatus and started separate negotiations for an Investment Protection Agreement and an Agreement on Geographical Indications in June 2022.

Continuing from the previous rounds, the concerns of Indian stakeholders regarding the EU's sustainability measures, such as Carbon Border Adjustment Mechanism, Deforestation Regulation, and others would be taken up again.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › India, EU officials may meet in March to clear FTA logjam
Text Size:AAA
Success
This article has been saved

*

+