The India-EU free trade agreement (FTA) will soon be discarded. Although the EU has asked for two weeks to decide on future course of action, sources have concluded that resumption of negotiations would be a fruitless exercise. There have been no negotiations since 2013. In 2017, both at India-Germany summit in June and the India-EU summit in October, there was an attempt to restart negotiations. But nothing happened.
Indian negotiators are of the opinion that India might be better off waiting for Brexit to happen before looking at EU. The UK has the lion's share of India-EU trade and investment, and the nation is keen on working out a trade deal with India as they near their separation date. On the other hand, the UK's departure might make FTA talks with EU easier as the nation is biggest roadblock in denying Indian entry into EU.
