India-EU Free Trade Agreement Nears Completion Amid Non-Tariff Barrier Challenges

India and the European Union are nearing finalisation of a long-pending Free Trade Agreement (FTA) expected around India's Republic Day. Key sectors like textiles, autos, electronics, and pharmaceuticals stand to benefit, while sensitive areas such as agriculture and dairy are likely excluded. Challenges include non-tariff barriers, notably the EU's Carbon Border Adjustment Mechanism (CBAM), which may impact Indian exports. The deal also focuses on services trade, visa access, and regulatory cooperation, reflecting broader geopolitical shifts and India's strategic diversification of trade partnerships.