India Accelerates Trade Diplomacy With ASEAN And EU Ahead Of Key Negotiation Rounds

Image Source : KNN India

India is set to host the tenth round of trade negotiations with ASEAN in August and resume Free Trade Agreement (FTA) talks with the European Union in early September, signaling a renewed push to recalibrate its global trade partnerships amid shifting tariff landscapes.

Key Developments In ASEAN Talks

- The ASEAN-India Trade in Goods Agreement (AITIGA) review will continue in New Delhi, focusing on tariff rationalisation, rules of origin, and curbing Chinese goods routed through ASEAN
- Eight subcommittees will address market access, standards, customs procedures, and legal frameworks
- India aims to reduce trade imbalances and enhance exports in chemicals, agriculture, and processed goods
- The review is expected to conclude by 2025, with ASEAN accounting for 11 percent of India’s global trade

EU FTA Negotiation Highlights

- India and the EU will hold their next round of FTA talks in the first week of September in New Delhi
- Discussions will cover market access, services, investment protection, and digital trade
- Both sides aim to finalise the first phase of the agreement by fall, with full conclusion targeted by year-end
- India seeks tariff relief for textiles, pharmaceuticals, and electronics, while the EU pushes for concessions in automobiles, wines, and dairy

Strategic Context

These negotiations come as India navigates rising protectionism, including US tariff threats. The dual-track diplomacy with ASEAN and the EU reflects India’s intent to diversify trade flows, strengthen supply chains, and secure equitable market access for its export-driven sectors.

Sources: Economic Times, Hindustan Times, Business Standard, PIB India, Indian Express, IndBiz, GKToday.