According to reports, the EU and India have agreed to resume free trade agreement negotiations at the previous online summit. Market participants believed that the EU is trying to strengthen its influence in the Indo-Pacific region to confront China.

It was understood that the negotiations on the Bilateral Trade and Investment Agreement (BTIA) started in 2007 but halted in 2013.

Subsequently, according to the news, India has mentioned in official documents that it will seek to resume negotiations between India and the EU on the Free Trade Agreement (FTA).

In this regard, the Indian Minister of Commerce Piyush Goyal pointed out after a dialogue with EU head Valdis Dombrovskis last week that the two sides need to establish teams on different issues to start formal talks.

In addition to trade negotiations, the EU and India will also start negotiations on agreements such as protection of investments and geographical indications.