EU-India FTA talks enter 14th round: CBAM and tariffs loom over aluminium, steel and broader trade deal
All eyes are on the fourteenth round of EU-India Free Trade Agreement (FTA) negotiations, scheduled on Monday, October 6, in Brussel, as it promises to build stronger ties of trade and economy between India and the European Union. However, there are a few challenges that have been hindering the deal to reach its ultimate goal. This time, EU Ambassador Herve Delphin has, however, assured that the bloc is committed to delivering a mutually beneficial deal, noting that the EU-India trade partnership holds critical importance at a time when tariffs and market access barriers dominate global discourse.
He has also pointed out that in this challenging situation, EU-India economic ties stand apart, with EU companies generating a total annual turnover of 86 million euros in India, which is equivalent to 5 per cent of the Indian economy, and exporting goods worth 23.5 billion euros, which accounts for around 6 per cent of India’s total exports.
Delphin also said, "The FTA can open new opportunities for EU and Indian businesses and create conditions to significantly increase our bilateral trade and investment.”
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