Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Negotiations between India and the European Union (EU) for a Free Trade Agreement (FTA) have made significant progress, despite ongoing differences over steel and automobile trade policies, according to government sources.
The talks, led by India’s Ministry of Commerce and Industry, aim to finalise key chapters related to goods, services, investment protection, and sustainable trade. Both sides are working to resolve issues linked to tariff structures, carbon border measures, and market access for critical sectors.
The EU has expressed concern over India’s import duties on automobiles and requested greater alignment with its Carbon Border Adjustment Mechanism (CBAM) — a policy that impacts high-emission goods such as steel and aluminium. India, on the other hand, has sought tariff concessions for textiles, pharma, and engineering goods, while protecting its domestic steel industry from unfair competition.
Officials noted that the negotiations are moving forward constructively, with the next round expected later this year. If finalised, the deal could boost bilateral trade beyond $200 billion and create new opportunities for exporters on both sides.
Industry observers believe the agreement could mark a turning point in India–EU economic cooperation and strengthen supply chain resilience.
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