India-EU FTA Talks: Targets, Sticking Points and Trade Data
Why in the news
Both sides want the long-running trade pact sealed before 2025 ends, while also discussing a fresh security and defence partnership to follow the 2020-2025 Strategic Roadmap.
Key facts
- Next negotiating round: Brussels, 10-14 March; another EU-India Summit is expected in 2025.
- Delays stem from differences on tariffs, intellectual property and labour standards.
- Agenda: trade, technology, green growth, security and mobility.
- India is the EU’s 9th largest partner, with 2.2% of EU trade in 2023.
Trade snapshot
| 2023-24 | Value | Share |
|---|---|---|
| Exports to EU | $75.9 billion | 17.4% of India’s exports |
| Imports from EU | $61.5 billion | 9% of India’s imports |
Sticking points
- EU wants lower duties on cars, wines and spirits, plus farm-product access.
- India worries that CBAM (Carbon Border Adjustment Mechanism) and deforestation rules act as non-tariff barriers.
- EU seeks entry into India’s public procurement market.
Exam angle
- Top trading partners: EU (12.2%), US (10.8%), China (10.5%).
- Related terms: CBAM, non-tariff barrier, Strategic Roadmap.