In the recently held India-EU trade negotiations, which sector has been a major sticking point for the EU, delaying the Free Trade Agreement?
The EU has consistently pressed India to lower its high tariffs on luxury goods such as automobiles, wines, spirits, and dairy products. India, however, seeks better market access for its IT services, textiles, and pharmaceuticals. These divergent priorities have slowed down the conclusion of the India–EU Free Trade Agreement (FTA), despite negotiations restarting in 2022 after being stalled for years.