India and the European Union (EU) are gearing up for another round of negotiations for a Free Trade Agreement (FTA) on October 6, following a recent round that EU ambassador to India, Herve Delphin, described as a "missed opportunity." The 13th round of talks, held from September 9 to 12, did not yield the breakthroughs both sides had hoped for, but Delphin emphasized the EU's commitment to finalizing a "meaningful package" by the end of this year.

Delphin noted that while some progress was made, significant issues remain unresolved. Before the last round, only 12 out of 24 chapters had been closed, covering areas such as small and medium enterprises, transparency, and customs. He stated, "The 13th round was a bit of a missed opportunity to make some breakthrough. We look forward to India engaging in earnest and moving, like the EU has shown readiness to do, towards a mutually beneficial deal."

The EU and India are increasingly aligned in their economic and geopolitical interests, with Delphin highlighting that both represent about 25% of the world’s GDP and population. He expressed optimism about the potential for a transformative partnership, stating, "The trust and thrust in our relationship can take it to a new strategic level."

However, challenges remain, particularly regarding India’s energy ties with Russia. Delphin pointed out that this relationship complicates India’s efforts to strengthen ties with the EU, especially in light of the ongoing conflict in Ukraine. He remarked, "India has pronounced itself for peace. Russia is a strategic partner for India. And India wants to deepen its ties with the EU. This will require further consideration in Delhi on how to square those terms."

The upcoming negotiations in Brussels are seen as crucial for addressing the outstanding issues and moving closer to a final agreement. Both sides are keen to enhance their strategic partnership amid global uncertainties, with Delphin urging India to engage more actively in the discussions. He concluded by stating that the current geopolitical landscape presents a unique opportunity for both the EU and India to collaborate more closely in addressing global challenges.