India and the European Union (EU) concluded the first round of talks for the proposed free trade agreement (FTA) and the next round of talks is scheduled at Brussels in September, the Ministry of Commerce and Industry said.
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India and the 27-nation bloc resumed negotiations on June 17, after a gap of more than eight years, on the proposed agreements on trade, investments and geographical indications (GI).
The first round of talks, which began on June 27, concluded on July 1.
India’s bilateral trade with the EU amounted to $116.36 billion in 2021-22.
The EU is India’s second-largest trading partner, after the U.S., and the second-largest destination for Indian exports.
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