The EU is still ready to conclude on a mutually beneficial free trade agreement (FTA) with India, with negotiating teams working hard to meet the year-end deadline, despite the previous month’s negotiating round not resulting in a “breakthrough”, EU Ambassador to India Hervé Delphin has said.

In an indirect reference to the US which has imposed tariffs on most of its trade partners, including the EU and India, Delphin said the FTA should be used by the two sides to diversify trade and strengthen supply chains.

“The FTA can open new opportunities for the EU and Indian businesses and create conditions to significantly increase our bilateral trade and investment. While some countries are raising tariffs or otherwise closing their markets, we should use the FTA to diversify trade, hedge

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