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India, EU re-launch FTA talks in Brussels

Published on June 19, 2022
Current Context: India and the European Union (EU) resumed negotiations for a comprehensive free trade agreement (FTA) in Brussels, after a gap of nearly nine years.
India, EU re-launch FTA talks in Brussels
  • This will cover three broad areas free trade agreement, an investment protection agreement, and an agreement on geographical indications which aim to conclude negotiations by December 2023.
  • Apart from that, the EU team will visit New Delhi for the next round of FTA talks on 27 June-1 July.
  • India demanded greater access to the EU market for its skilled professionals, among others.
  • Whereas India could contribute to labor-intensive sectors, like textiles, gems and jewelry, leather footwear, and metal industries.
  • India also remains the top export destination, accounting for 15% of the Asian country’s total outbound shipment.
  • In addition to that, this proposed agreement on investment protection is aimed at increasing investor confidence on both sides, leading to increases in FDI in both directions.

Question:

Q.1 India and the European Union (EU) free trade agreement negotiation will expect to complete by which of the following year?
a. 2025
b. 2024
c. 2023
d. 2026
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