Archive · 2 Jun 2025
India Pursues Trade Deals with U.S. and EU
India is working on trade deals with the U.S. and the European Union (EU).
With the U.S., India wants to avoid extra taxes on its goods.
With the EU, India wants to create deals to make trading easier by removing taxes and trade barriers.
They're also discussing investments and protecting unique products.
India aims to increase trade with both partners.
India seeks full exemption from US tariffs in an interim trade deal.
An early harvest deal with the EU is targeted for conclusion by July 2025.
Negotiations with the EU cover 23 policy areas, including trade and investment.
India is negotiating a Free Trade Agreement (FTA) with the EU, alongside investment protection and recognition of geographical indications.
India aims to double bilateral trade with the US to $500 billion by October 2025.
- Who
- India's Commerce Minister Piyush Goyal, Chief Negotiator Satya Srinivas, and U.S. Trade Representative Jamieson Greer, EU officials.
- What
- Negotiations on trade deals and tariff exemptions.
- When
- Ongoing negotiations with the U.S.; EU talks targeted for conclusion by July 2025.
- Where
- Brussels, New Delhi, and Washington D.C.
- Why
- To finalize trade agreements and boost trade with the U.S. and EU.
India
United States/EU
Tariff Objectives
India
India seeks exemptions from U.S. tariffs.
United States/EU
The U.S. seeks lower Indian tariffs on various goods.
Patent Regulations
India
India has refused to accept similar demands from the UK and Switzerland for data exclusivity.
United States/EU
The EU wants amendments to India's Patents Act to allow ‘evergreening’ of patents in pharmaceuticals.
- U.S. Trade Negotiations
- Ongoing
- EU Early Harvest Deal Conclusion
- Targeted for July 2025
- Key Negotiators
- India, EU
- EU FTA Areas
- 23 policy areas
- India-EU Bilateral Goods Trade
- $137.41 billion (FY2023-24)
- U.S. Trade Goal by October 2025
- $500 billion
Sources
India, United States discuss expediting conclusion of first phase of trade pact
India seeks full 26% tariff exemption in trade deal with US: Report
Why is India seeking to impose retaliatory tariffs on U.S.? | Explained
India seeks full exemption from 26% additional tariff in interim trade deal with US: Sources
India, EU look to conclude talks for an early harvest deal by July 2025: Govt sources
