India to seek easing of EU steel quotas, tariffs in trade talks
India will seek an easing of European Union steel import quotas and tariffs in talks for a new trade deal as Indian steelmakers struggle to sell the alloy in one of the world’s big markets, a senior government official said.
Last year, India and the EU relaunched negotiations for a free trade agreement with the aim of completing talks by the end of 2023. The two sides previously launched talks in 2007, but they were frozen in 2013 due to a lack of progress.
“India is likely to take up the issue of EU’s steel import quota and their high tariffs during the free trade negotiations,” said the official with direct knowledge of the matter. The official declined to be named as India’s plan to take up the issue with the EU is confidential.