India and EU move closer to free trade agreement as European Commission submits formal proposal

India and the European Union have moved closer to finalising a free trade agreement (FTA) following the European Commission's submission of a formal proposal. The proposal marks a significant step in trade negotiations between the two sides, aimed at deepening economic ties and removing trade barriers.

The FTA talks between India and the EU have been ongoing, with both parties seeking to expand bilateral trade and investment. The formal proposal from the European Commission is expected to accelerate discussions and bring the two economies closer to reaching a mutually beneficial agreement.