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The negotiations betwixt India and the European Union connected a escaped commercialized statement person crossed the halfway mark, with 10 retired of 20 chapters of the statement having been finalised, and respective different chapters nearing completion, Commerce Minister Piyush Goyal said connected Wednesday (October 29, 2025).
The Minister has returned from a three-nation circuit implicit the past week oregon so, having visited Geneva for the 16th league of the United Nations Conference connected Trade and Development (UNCTAD), Berlin for the Berlin Global Dialogues, and Brussels to “further our negotiations with the European Union” for an FTA, Mr. Goyal said astatine a property briefing.
“We person made important advancement successful the three-day treatment betwixt European Commissioner for Trade and Economic Security Maros Sefcovic and his squad and our squad connected respective areas,” Mr. Goyal said.
Chapters closed
“We person agreed to adjacent 10 retired of 20 chapters,” helium added. “Another 4 to 5 chapters person successful rule been broadly decided.”
He further said that, connected an expanding fig of issues, the 2 teams are moving towards convergence. The squad from the EU is acceptable to sojourn New Delhi adjacent week for the adjacent circular of negotiations, and Mr. Sefcovic volition sojourn the superior astatine the extremity of November oregon successful December, the Minister said.
On the question of whether negotiations connected the FTA with the EU would beryllium completed by the extremity of the calendar year, a people acceptable by Prime Minister Narendra Modi and President of the European Commission Ursula von der Leyen successful February, Mr. Goyal said that the precedence was a “good deal” alternatively than gathering deadlines.
“We person received guidance from our leaders, but the guidance does not mean we reason conscionable immoderate deal,” helium said. “It has to beryllium a bully deal.”
In a property merchandise issued earlier successful the day, the Ministry of Commerce and Industry had said that issues related to steel, auto, Carbon Border Adjustment Mechanism (CBAM), and different EU regulations inactive necessitate further treatment “as these issues person higher sensitivities”.
On CBAM, Mr. Goyal said the contented had been discussed successful “great detail” during the past week and that the Indian squad had enactment distant the country’s presumption precise firmly. He said that the talks connected the substance were “moving successful the close direction”.
‘Voice of the Global South’
The Minister revealed that helium would talk done videoconferencing connected Wednesday (October 29) nighttime with the New Zealand Trade Minister and that the Indian dialog squad would beryllium visiting the state adjacent Tuesday “to effort and substantially reason negotiations for a FTA”.
“At the UNCTAD, India erstwhile again demonstrated that nether Prime Minister Narendra Modi, we talk for the Global South,” Mr. Goyal said. “We correspond the dependable of the little privileged, little developed oregon processing economies and basal for corporate enactment for planetary good, bid and prosperity.”
Mr. Goyal said that, during the Berlin Global Dialogues, helium held meetings with his German counterparts, different Ministers of the German government, and respective European businesses.
“These person shown that much and much countries and astir each businesses contiguous privation to grow relations with a resurgent, strong, decisive, antiauthoritarian and aspirational India,” helium asserted.
