**Article:**
The European Union is nearing the conclusion of negotiations on a free-trade agreement with India, aiming to enhance market access for European companies. Maroš Šefčovič, the EU’s trade commissioner, described the deal as a significant opportunity to open India’s economy to European businesses. The agreement is expected to reduce trade barriers and create new opportunities for investment and cooperation between the two regions.
Brussels has been engaged in discussions with New Delhi for several years, seeking to establish a comprehensive trade framework that addresses tariffs, regulatory standards, and market access. The deal is anticipated to strengthen economic ties and support growth for companies on both sides.
**Why this matters**
India represents one of the fastest-growing major economies, making it a key market for European exporters and investors. A free-trade agreement could facilitate smoother trade flows, reduce costs, and increase competitiveness for EU businesses operating in India. Additionally, closer economic cooperation may contribute to broader strategic and diplomatic relations between the EU and India.
Source: NewsData