India-EU FTA Live: India’s eighth FTA since 2021
Since 2021, India has signed FTAs with: Mauritius (2021), UAE (2022), Australia (2022), European Free Commerce Affiliation (2024), UK (2025), Oman (2025), Unruffled Zealand (2025), and EU (2026).
India-EU FTA Live: Used to be Trump the ‘unifier’ for landmark pact?
Union commerce minister Piyush Goyal on Tuesday pushed apart speculations that US President Donald Trump performed a role in bringing India and the European Union together for his or her landmark free alternate settlement, announcing “don’t think we even discussed this.”
Goyal made these remarks while responding to a quiz that sought to link the India–EU Free Commerce Settlement (FTA) to newest US tariff actions at some level of a joint press conference in Unruffled Delhi.
When a reporter asked whether or no longer US President Donald Trump, beneath whose administration every India and the European Union were hit by steep tariffs, acted as a unifying ingredient in pushing the deal forward, asking, “Was President Trump a unifier for India and Europe to do the trade deal?”
Goyal firmly spoke back announcing, “I don’t think we even discussed this at any point of time.”
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India-EU FTA Live: Enterprise leaders hail ‘big self assurance enhance’ apparel and textile sectors
Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said the “zero-duty access of Indian garments and clothing to the EU market will decisively turn the tables in India’s favour enhancing our competitiveness in the European market.”
Based totally on Confederation of Indian Textile Enterprise (CITI) Chairman Ashwin Chandran, as soon as operational, the India-EU FTA will diploma the taking part in topic for native textile and apparel exporters with their peers from Vietnam and Bangladesh, in opposition to whom they face a tariff downside in the European Union.
Enterprise projections estimate that Indian apparel exports would possibly perchance perchance grow by 20-25 per cent yr-on-yr after operationalisation of the FTA as in opposition to the latest development rate of three.01 p.c in the EU market.
AEPC Chairman Sakthivel neatly-known, “The FTA eliminates tariff on 100 per cent of apparel tariff lines, which will enhance market access to all member countries of the EU.” (PTI)
India-EU FTA Live: ‘Settlement to toughen field of Indian medicines’
Decrease tariffs beneath the India-EU free alternate settlement will very much toughen the sphere of Indian formulations, APIs, and price-added medicines in the European Union, Pharmexcil Chairman Namit Joshi said on Tuesday.
For the domestic pharmaceutical sector, the settlement delivers structural competitiveness, he said.
“Near-zero tariff access significantly strengthens the position of Indian formulations, APIs, and value-added medicines in the EU, a development that is particularly consequential for India’s pharma MSMEs, many of whom possess strong quality capabilities, but face cost and access barriers in highly regulated markets,” Joshi said in a press open.
Diminished tariffs and smoother market entry will straight toughen their ability to scale exports, make investments in compliance, and integrate into European provide chains, he added.
“Crucially, this agreement enables stable, long-term, and predictable pharmaceutical trade, benefiting European healthcare systems and consumers through improved affordability, continuity, and security of supply, supported by India’s high-quality and reliable manufacturing base,” Joshi said. (PTI)
India-EU FTA Live: Gemstones and jewellery alternate to double to $10 billion in subsequent three years, says Gem Export Promotion Council
Zero-duty gather entry to beneath the India-EU Free Commerce Settlement would possibly perchance perchance lend a hand double the bilateral gems and jewellery alternate to USD 10 billion (around Rs 91,000 crore) over the subsequent three years, the Gem and Jewellery Export Promotion Council (GJEPC) said on Tuesday.
This gets rid of 2-4 p.c responsibilities on treasured jewellery, unleashing big export seemingly with the 27-member EU nations, home to the area’s elite investors.
“The India-EU FTA will supercharge market diversification for the gem and jewellery industry. This transformative pact aims to double bilateral trade to Rs 91,000 crore within three years.
“Zero-duty gather entry to to the area’s supreme user market empowers export hubs in Gujarat, Rajasthan, Maharashtra, and West Bengal to ramp up shipments of treasured jewellery (easy and studded), silver, and imitation jewellery, capitalising on India’s eminent manufacture prowess,” GJEPC chairman Kirit Bhansali said.
India’s gem and jewellery exports accounted for $30 billion in 2024, according to official data. (PTI)
India-EU FTA Live: UP CM Adityanath hails India-EU agreement
Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that the India-EU Free Trade Agreement marks a historic leap in India’s global economic journey.
In a post on X, Adityanath said, “Beneath the visionary management of Hon. PM Shri @narendramodi Ji, the India-EU Free Commerce Settlement marks a historic soar in India’s world economic fling. This strategic pact integrates India with 27 European nations and ensures preferential market gather entry to for over ninety 9 per cent of Indian goods, unlocking export seemingly price close to Rs 6.41 lakh crore, in particular for labour-intensive sectors.
“By empowering farmers, strengthening MSMEs, boosting manufacturing and services, and expanding opportunities for skilled professionals, this agreement becomes a blueprint for shared prosperity and a stronger, self-reliant India,” the manager minister added. (PTI)
India-EU FTA Live: Stock markets soar lend a hand amid optimism over alternate pact
Equity benchmark indices Sensex and Nifty ended increased in highly unstable alternate on Tuesday, buoyed by heavy purchasing for in financial institution and metal stocks, an organization model in world markets, and optimism over the India-EU FTA.
The 30-piece BSE Sensex climbed 319.78 parts, or 0.39 p.c, to decide on at 81,857.48. At some level of the day, it hit a excessive of 82,084.92 and a low of 81,088.59.
The 50-piece NSE Nifty surged 126.75 parts, or 0.51 p.c, to destroy at 25,175.40.
From the 30-Sensex companies, Adani Ports, Axis Monetary institution, Tata Metal, Tech Mahindra, NTPC, Divulge Monetary institution of India, UltraTech Cement and Bharat Electronics were amongst the supreme gainers.
Axis Monetary institution jumped over 4 per cent after the company reported a 4 per cent development in its December quarter rep profit to Rs 7,010.65 crore in opposition to Rs 6,742.ninety 9 crore in the yr-ago period.
In contrast, Mahindra & Mahindra, Kotak Mahindra Monetary institution, Asian Paints, Eternal and ITC were amongst the laggards. (PTI)
India-EU FTA Live: Piyush Goyal says ‘hopeful’ of implementing settlement interior newest calendar yr
“We are hopeful of implementing India-EU trade pact within calendar year 2026,” says Piyush Goyal.
“Every agreement stands on its own legs, and this is a wonderful agreement. It’ll be taken up for a legal scrubbing on a fast track basis…We do hope that we should be able to celebrate the entry into force of this agreement within calendar 2026 itself.”
India-EU FTA Live: ‘Compile-gain for all sections of industry in every India and EU,’ says commerce minister Piyush Goyal
“India-EU FTA is a win-win for all sections of industry in India as well as Europe. It opens up plethora of opportunities for investments on both sides,” says commerce minister Piyush Goyal at MEA briefing.
India-EU FTA Live: Canadian minister takes veiled dig at ‘hegemon’ Trump over India-EU pact
In a veiled attack on US President Donald Trump, Canada’s Minister of Vitality and Pure Sources Tim Hodgson said India’s free alternate settlement with the European Union is a “perfect” acknowledge to world hegemons that exhaust tariffs and economic integration as instruments of coercion.
Speaking at India Vitality Week 2026, Hodgson said the realm economy is present process a engaging atomize in preference to a slack transition, as main powers switch away from a guidelines-essentially based entirely mostly, multilateral trading diagram against a extra mercantilist manner.
“What is happening in the world today is not a gradual economic transition. It is a rupture,” Hodgson said. “The hegemons of the world have decided the rules-based order is no longer how the world will work.”
With out naming either the US or Trump, he said, “The hegemons of the world have decided that’s not the way the world’s going to work anymore.”
By contrast backdrop, he said India’s resolution to preserve out the India-EU alternate deal — described by Top Minister Narendra Modi because the ‘mother of all deals’ — sends a sturdy signal in favour of free alternate and depended on partnerships.
“What you just did with the EU signing — the mother of all deals — was a perfect example of how to say no,” he said. (PTI)
India-EU FTA Live: MEA preserve press briefing on alternate pact; says outcomes ‘deeply strategic’
Addressing a press conference on the FTA, foreign places secretary Vikram Misri said it outcomes are “deeply strategic” in nature.
“In our fast-changing world, the strategic partnership between India and the EU has a value beyond the bilateral context, particularly as we witness shifts in the global economic, technological, and strategic landscape. As the world’s second- and fourth-largest markets, India and the EU also have very high stakes on all critical global challenges of the day. Our leaders have resolved to take this very strategic partnership forward for mutual benefit and for the greater good of the global population as a whole.”
India-EU FTA Live: PM Modi lists what ought to be three priorities for all sides beneath the pact
“First, today, trade, technology, and critical minerals are being weaponised globally. We need to work together to de-risk our dependencies. Can our business community collectively reduce external dependencies in EVs, batteries, chips, and APIs? Can we build a shared alternative for reliable supply chains? Second, both India and the European Union have focused on the defence industry and frontier technologies. I urge you to enhance partnerships in sectors such as defence, space, telecom, and AI. Third, a clean and sustainable future is a priority for both of us. We should increase joint research and investment in every sector, from green hydrogen to solar energy and smart grids. Both industries should also work together on small modular reactors and sustainable mobility,” says PM Modi.
India-EU FTA Live: ‘India’s funding in EU at 40 billion euros’
“Indian investment in the EU has reached almost 40 billion euros. Today, there is deep cooperation between India and European companies in every sector, including R&D, manufacturing, and services, and business leaders like you are both the drivers and beneficiaries of this. Now is the time to transform this partnership into a whole-of-society partnership. With this vision, we have today finalised a comprehensive FTA. This will provide easy access to the European Union market for India’s labour-intensive product,” says PM Modi.
India-EU FTA Live: PM Modi says India-EU alignment is ‘no longer an accident’
“This alignment is not an accident. As market economies, we share common values, we have shared priorities for global stability, and as open societies, there is a natural connection between our people. It is on this strong foundation that we are taking our partnership to new heights. We are establishing it as one of the world’s most influential partnerships, and the results are clearly visible. In the last 10 years, our trade has doubled to reach 180 billion euros. More than 6,000 European companies are operating in India. There is over 120 billion euros of investment from the European Union in India. 1,500 Indian companies are present in the European Union,” says PM Modi.
India-EU FTA Live: ‘No traditional diplomatic seek the advice of with,’ says PM Modi
“This visit to India by the Presidents of the European Union Council and Commission is no ordinary diplomatic visit. It heralds a new era in India-European Union relations. For the first time, European Union leaders are participating as chief guests at India’s Republic Day celebrations. The largest Free Trade Agreement in India’s history is being concluded between India and the European Union, and today, a large-scale India-European Union Business Forum is being held with many CEOs. All these achievements symbolise the unprecedented alignment taking place between the world’s two largest democratic powers,” PM Modi tells India, EU alternate leaders.
India-EU FTA Live: EU foreign places policy chief Kaja Kallas on India-EU alternate pact
“I think the feeling in the room is really genuine, genuine interest for building trade relations, but also other issues when it comes to geopolitical picture as well. Because we see superpowers wanting to rewrite the multilateral order, where everything is divided… Coming from a small country, I can honestly say this is not in the interest of small and medium-sized countries. India is not a small country. But still, I think, there is room for cooperation in Europe. The European Union and India also have a relationship regarding foreign policy,” says Kaja Kallas
India-EU FTA Live: PM Modi, EU chiefs address alternate leaders
Top Minister Narendra Modi and European Union chiefs address alternate leaders after signing the landmark India-EU Free Commerce Settlement.
India-EU FTA Live: S Jaishankar calls agreements ‘pathbreaking’
— DrSJaishankar (@DrSJaishankar)
India-EU FTA Live: Settlement to lend a hand enhance exports, promote manufacturing, converse exporters
Hailing the pact, Aqeel Panaruna, Chairman, Florence Shoe Company and Director, Indispensable Atlantia Panapakkam SEZ PvT Ltd, said the European Union remains the supreme marketplace for India’s footwear and leather-essentially based entirely mostly industry, accounting for 44.64 per cent of exports in 2024.
“With exports to the EU at USD 2.25 billion and the total sector exports at USD 5.04 billion, the agreement has the potential to significantly accelerate growth,” Aqeel said.
He added that the shipments to the EU are projected to reach USD 6 billion by 2030, while total exports would possibly perchance perchance contact USD 14 billion, strengthening India’s field as a globally competitive manufacturing accomplice.
Gulzar Didwania, Partner, Deloitte India, said tariff concessions in wines, spirits and cars beneath the alternate deal are simplest considered as a present for reciprocal market gather entry to.
“In alcohol, carefully phased liberalisation can help formalise imports. In automobiles, selective opening, particularly for components and EVs, can be leveraged to attract investment, embed technology transfer and strengthen domestic manufacturing ecosystems,” he said.
Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said this deal will present a huge enhance to apparel exports, which would possibly be expected to double over the subsequent three years.
“The zero-duty access of Indian garments and clothing to the EU market will decisively turn the tables in India’s favour, enhancing our competitiveness in the European market,” Sakthivel said.
He added that industry projections estimate that Indian apparel exports would possibly perchance perchance grow by 20–25 p.c yr-on-yr after the operationalisation of the FTA, in opposition to the latest development rate of three.01 p.c in the EU market. (PTI)
India-EU FTA Live: ‘Ultimate FTA ever,’ says EU alternate commissioner Marcos Sefcovic
EU Commerce Commissioner Marcos Sefcovic said that the “biggest” Free Commerce Settlement (FTA) was delivered on Tuesday on the occasion of the India-EU Summit. The Commissioner said that the excessive tariffs had been lowered, and opportunities been unleashed. Claiming the alternate as a “win-win,” he termed the partnership with the Union Commerce and Enterprise Minister, Piyush Goyal, as “genuine.”
By means of the legitimate X put up, he said, “After a year of tireless engagement and more than a decade in the making, we’ve delivered the biggest FTA ever. High tariffs down, opportunity unleashed. Proof that a win-win trade is real and that a genuine partnership, like with Minister @PiyushGoyal, is always worth the effort.” (ANI)
India-EU FTA Live: Airbus president hails settlement
“This is a fantastic day and I’m very proud to be able to celebrate this together with all our friends and partners in India. This FTA has been worked on for a very long time, and I think this is a big step, a big next step in the collaboration between Europe and India. Airbus is extremely active in India. We’ve been here for more than 60 years. We build a lot of products here. Make in India is at the core of our strategy and we are very committed to continue to bring the best aircraft, the best helicopters and of course also in defence and space products to India, but to do this together. Bringing the technology and then leveraging, of course, the India scale and the strong human development capabilities that we have in the country,” says Airbus president Wouter van Wersch.
Top Minister Narendra Modi launched the conclusion of the India–EU free alternate settlement, describing it as a historic milestone that opens contemporary pathways for development, funding and strategic cooperation. Calling the day one which would possibly be “remembered without destroy” in the shared history of India and the European Union, he said the settlement, launched alongside European Council President António Costa and European Price President Ursula von der Leyen, would toughen economic ties, manufacture jobs for formative years, originate bigger opportunities for companies, foster shared prosperity and manufacture extra resilient world provide chains.
‘Settlement will force alternate, funding and innovation while strengthening our strategic relationship’: PM Modi on India-EU alternate deal
“India and Europe have taken a major step forward today. The India-EU Free Trade Agreement opens new pathways for growth, investment and strategic cooperation,” he said.
“This agreement will drive trade, investment and innovation while strengthening our strategic relationship. It reflects our shared resolve to shape a stable, prosperous and future-ready economic relationship,” he added.
‘This day is a day that would possibly perchance be remembered without destroy, marked indelibly in our shared history’: PM Modi on EU alternate deal
“European Council President António Costa and European Commission President Ursula von der Leyen and I are delighted to announce the conclusion of the historic India-EU Free Trade Agreement,” he said.
“This is a milestone in our relations which will: Strengthen our economic ties, create jobs for our youth, Opportunities for our businesses, foster shared prosperity, build stronger global supply chains,” he added.
India-EU FTA Live: PM Modi hails ‘historic’ FTA
“The historic agreement with EU, which is India’s largest Free Trade Agreement in history, has substantial benefits for the 1.4 billion people of India. It will: Make access to European markets easier for our farmers and small industries.Create new opportunities in manufacturing.Further strengthen cooperation between our services sectors,” tweets PM Narendra Modi.
India-EU FTA Live: ‘Labour-intensive sectors to gather a expansive enhance, serving to our exports leapfrog’ – Piyush Goyal
— PiyushGoyal (@PiyushGoyal)
India-EU Summit Live: First-ever safety and defence partnership launched – Ursula von der Leyen
In her address at Hyderabad Condominium, European Price President Ursula von der Leyen highlighted that the India-EU partnership is handing over safety for its of us in an an increasing selection of shrinking world.
She launched that the area’s two supreme economies and democracies gain launched their first-ever safety and defence partnership, marking a historic shift of their bilateral ties.
Von der Leyen neatly-known that Europe and India occupy a protracted history of cooperation in the defence industry and emphasised that this contemporary framework will toughen their collective resilience in opposition to rising world threats.
India and the European Union on Tuesday launched the finalisation of “mother of all FTAs”, that would possibly lead to slack tariff reduction for 96% of exports from all sides, while conserving contentious objects similar to cereals and dairy merchandise out of doors the ambit.
While Indian textiles, marine merchandise, leather-essentially based entirely mostly and footwear, gems and jewellery, toys and sports activities goods will gather zero-duty gather entry to, government has determined to decide for a segment opening up of the marketplace for European vehicles that label above Rs 25 lakh and wine that bills upwards of $3-3.25 a bottle.
In every cases, the reduction would possibly be for particular portions with increased quotas for the more expensive merchandise.
India-EU FTA Live: Rs 6.4 lakh crore export enhance to Indian states
It brings together Indian abilities, companies and products and scale, with European skills, capital and innovation. This would possibly perchance well perchance manufacture ranges of development which neither aspect can cease alone. By combining our strengths, we scale again strategic dependencies at a time when alternate is an increasing selection of weaponised.
President of the European Price, Ursula Von Der Leyen on signing of India-EU FTA
India-EU Summit Live: ‘PM Modi, we did it!’ – Ursula von der Leyen
At some level of the joint press conference at Hyderabad Condominium, European Price President Ursula von der Leyen well-liked the winning conclusion of the alternate negotiations with a interior most message to the Top Minister.
“PM Modi, we did it! We delivered the mother of all deals,” she declared, expressing her gratitude for the “exceptional hospitality” she acquired as a Chief Guest for Republic Day.
She emphasised that the settlement represents a “win-win situation” for two world giants that would possibly manufacture stunning jobs for hundreds of hundreds of of us. Von der Leyen added that the success of India makes the area extra affluent and that the deal serves as a testament to the “seriousness of our intent and the strength of our commitment.”
Security is the muse of shared prosperity – Antonio Costa
European Council President António Luís Santos da Costa emphasised the inseparable link between economic development and regional safety at some level of the joint briefing. He said that while the European Union and India are working together to grow spheres of shared prosperity in a multipolar world, such prosperity can not exist without safety.
Costa known as for bolstered cooperation to better offer protection to citizens and shared interests, urging every powers to reach a recent diploma of strategic belief. He highlighted the importance of the newly signed settlement on a safety and defence partnership, noting it’s far the first such overarching framework ever established between India and the European Union to counter the elephantine differ of threats all the scheme thru the Indo-Pacific, Europe, and the area.
A ‘partnership for world stunning’ and a five-yr strategic roadmap – PM Modi
Top Minister Narendra Modi launched the open of an ambitious and holistic strategic agenda for the subsequent five years, designed to produce distinct route in a fancy world ambiance.
He said that the agenda will focal level on advancing shared prosperity, accelerating innovation, strengthening defense cooperation, and deepening of us-to-of us ties.
The Top Minister emphasised that the India-EU union is a “partnership for global good,” noting that the 2 powers will come trilateral projects from the Indo-Pacific to the Caribbean and do the India-Center East-Europe Financial Hall (IMEC) as a truly great link for world alternate.
India-EU Partnership a ‘geopolitical stabilizer’ – European Council President Antonio Costa
At some level of the joint press briefing at Hyderabad Condominium, European Council President António Luís Santos da Costa formally launched the conclusion of alternate negotiations, a route of he neatly-known had been relaunched at some level of his time as Top Minister of Portugal in 2021.
He said that the summit sends a transparent message to the area that at a time when the realm bid is being essentially reshaped, the European Union and India stand together as strategic and legit partners.
Costa emphasized that because the 2 supreme democracies, the 2 powers are working hand in hand to bring concrete advantages for his or her citizens and to shape a resilient world bid that underpins peace, steadiness, economic development, and sustainable model.
That isn’t any longer factual a alternate settlement, but a recent blueprint for shared prosperity
PM Modi on India-EU FTA
India-EU Summit Live: Reaching ‘contemporary heights” of strategic partnership – PM Modi
During the joint press briefing at Hyderabad House, Prime Minister Narendra Modi underscored the deep-rooted foundations of the India-EU relationship, describing the day as a historic occasion for the world’s two largest democratic powers.
He stated that the partnership is adding a decisive chapter based on shared democratic values, economic synergy, and strong people-to-people ties.
The Prime Minister highlighted the remarkable progress made in recent years, noting that bilateral trade between India and the European Union has now reached a significant milestone of 180 billion euros.
Today is a historic moment. We are opening a new chapter in our relations on trade, on security, and on people-to-people ties
President of the European Council, António Luís Santos da Costa on India-EU FTA
India-EU Summit Live: PM Modi hails FTA as the ‘biggest in India’s history’
During the joint press briefing at Hyderabad House, Prime Minister Narendra Modi described the newly signed Free Trade Agreement with the European Union as the largest and most significant trade pact in India’s history.
The Prime Minister emphasised that the agreement is designed to ensure mutual prosperity for both regions.
India-EU Summit Live: India and EU add a ‘decisive chapter’ to partnership
Prime Minister Narendra Modi hailed the signing of the Free Trade Agreement as a landmark event during his joint press briefing at Hyderabad House. Reflecting on the timing of the deal, the Prime Minister noted that yesterday was a historic moment when European Union leaders participated in India’s Republic Day celebrations for the first time.
He stated that today represents another such moment, where two major democratic powers are adding a decisive chapter to their relationship, further strengthening the bond between India and the EU.
India-EU Summit Live: Key agreements exchanged at Hyderabad House
Prime Minister Narendra Modi, European Commission President Ursula von der Leyen, and European Council President António Luís Santos da Costa witnessed the exchange of three significant documents today in New Delhi.
These include the formal constitution of a Green Hydrogen Task Force to align standards and certification for clean energy trade, a Memorandum of Understanding (MoU) between the Reserve Bank of India and the European Securities and Markets Authority to strengthen financial regulatory cooperation, and an Administrative Arrangement on Advanced Electronic Seals and Signatures to facilitate secure and seamless digital trade between the two regions.
India-EU Summit Live: Germany hails India-EU FTA
Germany has welcomed the conclusion of the India-EU Free Trade Agreement, stating that it “creates contemporary opportunities for development”.
India-EU Summit Live: Delegation-level talks conclude; joint press briefing next
Prime Minister Narendra Modi and EU Presidents Ursula von der Leyen and António Costa have successfully concluded delegation-level talks at Hyderabad House. The leaders are now scheduled to move to the joint press briefing, where they will formally announce the conclusion of the “Mother of all deals” and witness the exchange of landmark agreements, including the Free Trade Agreement and the Security and Defence Strategic Partnership
In a landmark development, India and the European Union on Tuesday finalised what is being called the ‘mother of all’ trade deals. President of the European Commission, Ursula Von Der Leyen took to X to share that: Europe and India are making history today.“Europe and India are making history today. We have concluded the mother of all deals.
We have created a free trade zone of two billion people, with both sides set to benefit. This is only the beginning. We will grow our strategic relationship to be even stronger,” Ursula Von Der Leyen shared on social media.
India-EU Summit Live: PM Modi and EU Chiefs begin delegation-level talks
Top Minister Narendra Modi is now details superhighway details superhighway hosting European Price President Ursula von der Leyen and European Council President António Luís Santos da Costa for delegation-diploma talks at Hyderabad Condominium.
This session marks the formal core of the 16th India-EU Summit, the build the leaders are reviewing the closing text of the “Mother of all deals” and finalising a new roadmap for bilateral relations.
India-EU Summit Live: Rajnath Singh hails new chapter in defense ties
Defence minister Rajnath Singh expressed his pride following his assembly with EU Excessive Representative Kaja Kallas in Unruffled Delhi right now.
At some level of their discussions, the 2 leaders covered a mountainous spectrum of bilateral safety and defense points, focusing namely on the mix of provide chains to manufacture depended on defense ecosystems and future-inspiring defense force capabilities.
In a put up on X, Singh emphasised that he seems forward to very much increased cooperation between India and European Union member states transferring forward.
“Delighted to meet Excessive Representative/Vice President (HR/VP) of the European Price, Ms Kaja Kallas, in Unruffled Delhi right now. Discussed a differ of bilateral safety and defence points, including oppurtunities for integrating provide chains for building depended on defence ecosystems and future-inspiring capabilities. Having a detect forward to increased cooperation between India and the EU nations”, he wrote.
India-EU FTA Live: Massive tariff cuts for food and climate funding boost
The European Union has confirmed significant breakthroughs in the “Mother of all deals” that will reshape India’s food and energy landscape. Under the agreement, India will eliminate tariffs on European fruit juices, processed foods, olive oil, margarine, and other vegetable oils, opening a vast market for EU agri-food exports. Additionally, duties on European spirits—which currently face charges of up to 150%—will be slashed to a flat 40%, providing a major lift to the premium liquor sector.
Beyond trade, the partnership includes a substantial environmental commitment, with the EU envisaging €500 million in support over the next two years to help India accelerate its efforts to cut greenhouse gas emissions and drive its long-term sustainable industrial transformation.
India-EU FTA Live: 96.6% of European Union goods exports to see tariff relief
The European Union has confirmed that the newly finalised trade deal is the most ambitious opening India has ever granted to a partner. Under the agreement, tariffs on 96.6% of the value of EU goods exports to India will be either eliminated or significantly reduced.
This massive reduction is expected to save European exporters approximately €4 billion per year in duties and aims to double EU trade exports to India by 2032.
India-EU FTA Live: New Delhi’s goods imports to European Union in FY2025
India-EU Summit Live: EU projects export surge and massive tariff removals
The EU expects the deal to double its trade exports to India by 2032, driven by the elimination or reduction of tariffs on over 90% of EU goods.
India-Europe Free Trade Deal Live Updates: The 16th India-EU Summit in New Delhi has reached a historic peak, with Prime Minister Narendra Modi and EU leaders announcing the successful conclusion of the “Mother of all deals.” This massive Free Trade Agreement (FTA) covers 25% of global GDP and aims to double bilateral trade to $250 billion within a decade. Parallel to this, a landmark Security and Defence Partnership was signed to boost maritime and cyber cooperation. Following a symbolic tribute at Raj Ghat and a display of unity at the Republic Day parade, the partnership cements a new era of democratic and economic resilience.
