India-EU Free-Trade Pact To Be Implemented In 2 Phases Due To Tariff Uncertainty

India and the European Union (EU) chief negotiators have concluded another round of talks on the proposed free trade agreement (FTA) and agreed to reach a deal in two phases, according to an official. The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump. The talks focused on areas like market access offers in goods, services, and investment. India has followed the practice of negotiating trade pacts in two phases with Australia. It is following a similar approach to the US.