<h1>Two-party FTA talks accelerate after stocktake, making substantive progress on goods, services, investment, CBAM and rules of origin</h1> Negotiators from two parties met in New Delhi from 3-7 November 2025 to advance talks on a proposed free trade agreement covering goods, services, investment, sustainable development, rules of origin and technical barriers. Senior officials held a two-day stocktake on 5-6 November to review outstanding issues and agreed to accelerate efforts toward a balanced, mutually beneficial outcome. One party stressed the need for clarity on emerging regulatory measures such as the Carbon Border Adjustment Mechanism and proposed steel rules. Both sides reported substantive progress, narrowed divergences and committed to continued technical engagement to bridge remaining gaps and conclude negotiations.