In 2022, the EU and India resumed negotiations for an ambitious, comprehensive, and mutually beneficial Free Trade Agreement (FTA). As of June 2024, the 8th round of negotiations concluded with significant progress on Intellectual Property Rights (IPR), Rules of Origin, and Dispute Settlement. This proposed FTA is expected to significantly boost bilateral trade, enhancing economic cooperation and growth. By 2032, bilateral merchandise exports are projected to grow by 107.6% for the EU to India and 86.6% for India to the EU.

Interest from the EU in India has surged in recent years, with increasing Foreign Direct Investment (FDI) in key sectors such as computer software and hardware, services, the automotive industry, trade, and construction.

International Economics’ latest EU-India Trade Updates provides detailed insights into bilateral relations, trade in goods and services, investment, and the opportunities arising from this potential FTA.