Race Against Time: India-EU Trade Negotiations Reach Crucial Stage

India's Commerce Minister Piyush Goyal and EU Commissioner Maros Sefcovic engage in critical discussions to finalize a trade pact amidst unresolved issues. The focus remains on easing trade barriers, improving market access, and addressing tariffs. If successful, Indian exports like garments and pharmaceuticals could gain competitive advantage.

Commerce and Industry Minister Piyush Goyal and EU Trade Commissioner Maros Sefcovic have engaged in significant discussions regarding a proposed trade agreement, as both parties aim to conclude negotiations swiftly, according to an official statement.

Sefcovic leads an EU delegation involved in these talks, emphasizing their importance in a social media post noting a 'two-day marathon of meetings' with Minister Goyal to push forward trade and investment dialogues.

Key unresolved issues remain, such as disparities in sectors including steel, carbon taxes, and automobiles. Resumed in June 2022 after an eight-year hiatus, the negotiations could significantly boost Indian exports if successfully implemented.

(With inputs from agencies.)