India-EU FTA talks continue: Key issues remain unresolved, says envoy; claims deal could be a ‘game changer’

The potential free trade agreement (FTA) and investment protection pact between India and the EU could be a “game changer” amid rising tariffs and market access restrictions in other regions, said EU Ambassador Herve Delphin. Speaking ahead of the 14th round of FTA negotiations in Brussels, Delphin acknowledged that talks remain “challenging” with several unresolved issues. The comments come after Prime Minister Narendra Modi and European Commission President Ursula von der Leyen committed to concluding the trade deal by December 2025. The EU is India’s largest trading partner, with goods trade reaching $135 billion in 2023-24. Delphin, addressing the Federation of European Business in India (FEBI) on Tuesday, highlighted the FTA’s potential to open new opportunities and strengthen bilateral trade ties, particularly in light of trade disruptions caused by policies under the Trump administration.“The FTA can open new opportunities for EU and Indian businesses and create conditions to significantly increase our bilateral trade and investment,” Delphin said.“While some countries are raising tariffs or otherwise closing their markets, we should use the FTA to diversify trade, hedge against uncertainties and strengthen our supply chains,” he further added at Federation of European Business in India (FEBI) on Tuesday, the script of which was released Saturday.EU Ambassador Herve Delphin also said the negotiating teams from India and the EU are working diligently on the free trade agreement (FTA). “(It is) fair to say the negotiations are challenging and important issues remain to be solved. The 13th round earlier in September with the direct involvement of Commissioners (Maros) Sefcovic and (Christophe) Hansen on the EU side did not result in the sort of breakthrough, which was expected,” he said.The 13th round of negotiations took place in Delhi, with European Commission Agriculture Commissioner Hansen and Trade Chief Sefcovic in attendance.Delphin added, “The EU was and is still ready to conclude on a meaningful package. We look forward to the next round and further negotiations towards a mutually beneficial deal.”According to the EU, while 11 chapters—including customs, dispute settlement, and digital trade—have been finalised, key areas such as rules of origin and market access are still under discussion. The 13th negotiation round in September, involving Commissioners Sefcovic and Hansen, did not yield the anticipated breakthrough. Delphin emphasised the EU’s readiness to conclude a meaningful deal, pointing to the strong economic complementarity between India and the EU. “Given that the EU and India represent the second and fourth largest economies globally, the potential for expanding bilateral trade relations is significant,” he said.