India to Push for Easing EU Trade Barriers in Historic Free Trade Agreement

India is advocating for the removal of non-tariff barriers in agricultural and pharmaceutical sectors in its negotiations for a free trade agreement with the European Union. The agreement, which has been in the works for 18 years, is nearing conclusion and aims to enhance trade cooperation between the countries.

India is pressing the European Union (EU) to dismantle a complex array of non-tariff barriers, especially affecting domestic agricultural and pharmaceutical products, within the framework of an anticipated free trade agreement. These barriers often negate the positive outcomes of tariff reductions, according to think tank GTRI.

The India-EU free trade agreement negotiations, initiated in 2007, are on the brink of conclusion, with an announcement expected on January 27 during the EU delegation's visit to India. The presence of European Council President Antonio Luis Santos da Costa and European Commission President Ursula von der Leyen, as chief guests at India's 77th Republic Day celebrations, underscores the significance of the pact.

Indian products face challenges such as delays in pharmaceutical approvals, strict sanitary rules impacting food exports, and complex compliance requirements. Furthermore, the agreement aims to address issues like the carbon border adjustment mechanism, data security status under GDPR, and mutual recognition of professional qualifications.

(With inputs from agencies.)