India, EU exploring possibility to negotiate FTA in phases: Report

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India, EU exploring possibility to negotiate FTA in phases: Report - Business Standard

Quick Summary:

India and the European Union (EU) are exploring the option of negotiating their free trade agreement (FTA) in phases amidst an uncertain global trade environment following imposition of sweeping tariffs by the US, an official said.

Negotiating the FTA in two phases allows both sides to first conclude areas where agreement can be reached more easily.

India has followed the practice of negotiating such trade pacts in two phases with Australia.