Member countries of European Union. (Image: Official website of the EU) Member countries of European Union. 📍India-EU Free Trade AgreementAfter nearly two decades of talks, India and EU formally completed the negotiations on the much-awaited FTA. As The Indian Express explained earlier, the first round of India-EU trade talks was initiated in 2007. They welcomed the conclusion of the India‑EU Comprehensive Framework of Cooperation on Mobility.