New Delhi: India and the European Union can declare an initial crop deal to remove tariffs and non-tariff obstacles by July this year and to promote the security of intellectually beneficial bilateral trade, government procurement and intellectual property in goods, on Wednesday, an official said with direct knowledge of the case.

The India-European Union Free Trade Dialogue first is on a fast track with an understanding to cover “core trade matters” and then interacts on other issues of bilateral interest such as stability, the official said, requesting oblivion. “India and the European Union are looking for an early crop (deal). We are trying to do it as soon as possible … until July,” the official said. The Indian conversation team is already to carry forward the 11th round of talks in Brussels, which was concluded in New Delhi on 16 May.

HT reported on 20 May He was looking at the quick victory in India and the European Union in its FTA push.

The report stated that the European Union does not want to be released after its predecessor member, United Kingdom, successfully concluded the India-UK free trade talks on 6 May and bilateral trade talks between the United States and India are on an advanced platform.

In about two dozen chapters – such as trade, investment, procurement of government, dynamics for professionals, and intellectual property – India and the European Union have already finalized at least three to four chapters, that another official said, another officer did not name, which was not named. Other proposed chapters include sanitary and phytosanator remedies, trade trade trade (TBT), trade rimited, Rustive of Origin (ROO), customs and trade facilities, competition, business defense, dispute settlement, geographical signals and sustainable development.

“The proposed FTA between India and the European Union in two phases is likely to abolish-early crops with low-fasting fruits and later a comprehensive compromise for two reasons. First, the FTA’s nature and scope are huge, including consensus between 27 European Union members.

Both partners (India and the European Union) understand that they should first focus on main trade affairs and later leave negotiations related to non-core issues. India had a similar approach with Australia when the two countries concluded an FTA in 2022. Its interaction with the US for bilateral trade agreement (BTA) is also on the same lines.

HT reported on 28 April The Indo-European Union Free Trade Dialogue collected speed with the two partners who started sector-specific dialogue for the first time after narrowing the chapter-wise differences, but remained disagreeing on non-corresponding issues such as stability.

Following important achievements on core chapters related to market access, both sides started field-specific discussions starting with automotive and medical devices industries. The talks were rapidly tracked after a meeting between leaders of both sides in New Delhi on 28 February. Business matters have now gained stability, carbon tax and deforestation rules such as negotiations on non-trade issues, people said. He was referring to the meeting of European Union President Ursula von Der Leyen and Prime Minister Narendra Modi during the College of Commissioners India Visit in February this year.