India and Europe Aim for Swift FTA Agreement Amid Trump's Anticipated Return

World News

1 year ago

News sources:

Credited from: SCMP

India is progressing towards a free trade agreement (FTA) with the four-nation European Free Trade Association (EFTA), potentially enhancing engagement with the EU.
The agreement is set to advance with expectations of completion by the end of 2025, backed by solid political support and clearing important hurdles.
Analysts suggest that Trump's anticipated return to office is prompting the EU to seek closer ties with India due to tensions with China.
While there are potential obstacles such as upcoming elections in EU member states, experts remain optimistic about a trade deal emerging.
The proposed EU FTA faces challenges related to sustainability, particularly with the Carbon Border Adjustment Mechanism, but experts believe a deal can still be achieved.

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