ISDS Case Map
India
India and the European Union are close to concluding a long-sought free trade agreement (FTA), with an announcement expected on Tuesday at the India–EU Summit in New Delhi.
From January 1, 2026, India faces a significant setback in the European Union market as the EU suspends Generalised Scheme of Preferences (GSP) benefits for 87% of its exports. This move means Indian products must now pay full Most Favoured Nation (MFN) tariffs, eliminating the previous 20% average tariff reduction under GSP.
India’s negotiating team is expected to travel to Russia at the end of February after the Union Budget 2026 for the next round of negotiations for a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU).
In 2023–24, India’s arms and ammunition shipments to Russia accounted for only a small share of its global defence sales and an even smaller portion of overall exports to Russia, underscoring the limited scale of trade in this segment.
German Chancellor floated the possibility that the European Union and India could sign a landmark free trade agreement by the end of January, a move that could reshape global trade ties as protectionism rises and US-India talks remain stalled.
India and the United States continue to remain “actively” engaged on the proposed trade deal and the “next call” will take place as early as Tuesday, US ambassador to India Sergio Gor said.
Donald Trump’s aggressive trade policies inadvertently forced India to undertake long-overdue economic reforms, reviving labor laws, dismantling protective non-tariff barriers, and securing key trade deals. While acknowledging the threat to low-wage jobs, it urges India to remain pragmatic—allowing limited U.S. corn imports, for example—without bowing to pressure, using the crisis as a rare chance to transform its economy.
India and Chile are in the final stages of negotiating a social security agreement aimed at facilitating investments and the movement of professionals between the two countries.
The India–US trade deal has not been finalised because Prime Minister Narendra Modi did not call Donald Trump, claimed US Commerce Secretary Howard Lutnick.
France, Germany, and Poland called for the swift signing of a free trade deal between the EU and India, describing it as a “decisive step” in relations, the French foreign minister said.
