04-April-2025
Economy News
 
EU pushes for MFN provision in India trade talks, eyes US-style concessions
02-Apr-2025

The European Union is pressing for inclusion of a "forward most-favoured-nation (MFN)" provision in free trade agreement (FTA) talks with India, which would require the latter to make concessions similar to those offered to the US in a proposed bilateral trade pact. The issue of MFN status figured during the last round of India-EU trade negotiations in Brussels held a fortnight ago, people familiar with the development said. Such a move would imply that reduced duties would apply uniformly across all imports. "This (MFN clause) has been suggested with a view towards the ongoing tariff talks between India and the US," said an official.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/eu-pushes-for-mfn-provision-in-india-trade-talks-eyeing-us-style-concessions/articleshow/119880295.cms