‘A blueprint for shared prosperity’: India, EU sign historic free trade agreement
The two sides also inked a strategic defence partnership pact and a mobility agreement
The two sides also inked a strategic defence partnership pact and a mobility agreement
The two sides also inked a strategic defence partnership pact and a mobility agreement
The two sides also inked a strategic defence partnership pact and a mobility agreement
India and European Union on Tuesday announced the ambitious free trade agreement—described by both sides as the ‘mother of all deals’—amid a heightened tariff tension between New Delhi and the United States.
Prime Minister Narendra Modi and European Commission President H.E Ms. Ursula von der Leyen, jointly announced the conclusion of the Free Trade Agreement (FTA) at the 16th India–EU Summit in New Delhi, marking a historic milestone in India–EU economic relations and trade engagement.
According the ministry of commerce and industry, the FTA positions India and the European Union as trusted partners committed to open markets, predictability, and inclusive growth.
“Today, India has concluded the biggest free trade agreement (FTA) in its history with the European Union,” Modi said after the summit talks.
"This is not just a trade agreement. This is a new blueprint for shared prosperity," he said.