Addressing non-tariff barriers key for India, EU trade pact, says Piyush Goyal
The Hindu
India and EU actively working to address non-tariff barriers for proposed free trade agreement, says Commerce Minister.
Finding solutions to address non-tariff barriers would be important for the proposed free trade agreement (FTA) between India and the European Union (EU) and both sides are actively working on resolving these issues, Commerce and Industry Minister Piyush Goyal said on Thursday (June 12, 2025).
He said the two sides are "pretty" close to finalising the talks for the proposed free trade pact.
"Significant progress has been made. More than half the chapters are ready. In terms of content, I would say we are almost 90 per cent ready for market access. The important issues to be addressed are non-tariff barriers and how we will make it smoother, easier, and better to do business between the EU and India," Mr. Goyal told reporters in Stockholm.
He added that both India and the EU are in active discussions to find solutions to make business smooth for companies of both sides.
"Unless countries recognise that over regulation and barriers to trade will be met with reciprocal action, everybody suffers. We are committed to deregulation, to finding solutions to the high cost of regulation, the non-tariff barriers that these regulations cause and the impediments to free trade. I am quite hopeful that we will find very robust solutions to this problem," the Minister said.
He is here on an official visit to meet his Swedish counterpart and companies for promoting trade and investments between the two countries.
Sweden is a member of the 27-nation EU bloc.
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