India, EU aim to finalise FTA by year-end, says EU Trade Commissioner Šefčovič
Commerce Minister Piyush Goyal said on 12 September 2025 that India and the EU are working to finalise a balanced Free Trade Agreement, while EU Trade Commissioner Maroš Šefčovič said both sides aim to conclude it by year-end.
Summary
Union Commerce and Industry Minister Piyush Goyal said on 12 September 2025 that India and the European Union are working with sincerity to finalise a comprehensive and balanced Free Trade Agreement. Goyal was addressing the 65th Annual Session of the Automotive Component Manufacturers Association (ACMA), where he said such a deal involves give and take and that the search for a perfect deal should not become the enemy of progress. EU Commissioner for Trade and Economic Security Maroš Šefčovič, who also addressed the session, said India and the EU were negotiating a ground-breaking FTA with unprecedented momentum and were working to finalise it by the end of the year. Goyal said the FTA would open new opportunities for the auto component sector.
Key facts
- Date / forum
- 12 Sep 2025, 65th Annual Session of ACMA
- India
- Commerce Minister Piyush Goyal
- EU
- Maroš Šefčovič, Commissioner for Trade and Economic Security
- Target
- Finalise India–EU FTA by year-end (EU Commissioner)
- Sector focus
- Auto components
Practice MCQs 2 questions
Which EU Commissioner addressed the 65th Annual Session of ACMA on 12 September 2025 and said India and the EU aim to finalise their FTA by year-end?
Show answer
Correct answer: A — Maroš Šefčovič
Maroš Šefčovič, EU Commissioner for Trade and Economic Security, said India and the EU were negotiating a ground-breaking FTA with unprecedented momentum and working to finalise it by year-end.
At the annual session of which industry body did Piyush Goyal speak about the India–EU FTA on 12 September 2025?
Show answer
Correct answer: D — Automotive Component Manufacturers Association (ACMA)
Goyal addressed the 65th Annual Session of the Automotive Component Manufacturers Association (ACMA), saying the FTA would open new opportunities for the auto component sector.