India, EU Race to Seal Trade Pact by Year-End

India and the European Union are holding crucial trade talks in New Delhi this week, aiming to secure a deal by year-end, Reuters said.

The negotiations, relaunched in 2022, have accelerated since U.S.

President Donald Trump doubled tariffs on Indian goods last month over New Delhi’s Russian oil purchases, hitting exports such as textiles and chemicals.

At the same time, Brussels, also targeted by Trump’s tariffs, is stepping up trade alliances worldwide.

Eleven of 23 chapters have been closed, though differences remain on agriculture, autos, alcohol, food safety, and labor and environmental standards.