India and the European Union on Friday reaffirmed their commitment to concluding an ambitious Free Trade Agreement (FTA) by the end of 2025, with both sides underscoring the strategic value of deepening trade ties and enhancing economic cooperation.

During a high-level meeting held between Commerce Minister Piyush Goyal and European Commissioner for Trade and Economic Security, Maroš Šefčovič, both sides noted steady progress across various negotiating tracks and agreed to maintain momentum through monthly rounds of negotiations and continued virtual engagement, the Commerce Ministry said in a statement.

The next round of talks is scheduled to take place in New Delhi from May 12 to 16.

This renewed push follows the strategic direction laid out by Prime Minister Narendra Modi and European Commission President Ursula von der Leyen during the EU College of Commissioners’ visit to New Delhi in February 2025.

India highlighted the need for equal attention to non-tariff barriers (NTBs) alongside tariff-related issues. It also stressed that regulatory frameworks must be inclusive, proportionate, and not hinder trade flows.

The proposed agreement seeks to reflect the evolving realities of global commerce, with a focus on supporting digital transformation, enhancing supply chain resilience, and fostering innovation. Both sides expressed optimism that the FTA, once finalised, will enhance market access, strengthen regulatory cooperation, and boost competitiveness.

The dialogue also acknowledged the crucial role of investment flows and people-to-people mobility in sustaining economic growth and resilience.

Framing the FTA as part of India’s broader vision of emerging as a “Vishwa Mitra” (partner to the world), the government sees the deal as a key instrument in achieving the country’s 2047 development goals. It also aligns with India’s strategy of forging future-ready trade frameworks through multiple bilateral and multilateral agreements.