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Indian Prime Minister Narendra Modi announced on Tuesday that India and the European Union have reached a free trade agreement.
Negotiations which began in 2007 had the primary aim of creating a market without barriers for 'two billion people', the European Commission announced.
Narendra Modi believes the pact 'will offer numerous opportunities to 1.4 billion Indians and to the millions of inhabitants of the EU'
The European Union and India have concluded a new trade agreement, the largest ever agreed by either party. The confirmation was given by the President of the European Commission, Ursula von der Leyen, and by Indian Prime Minister Narendra Modi. 'I congratulate our counterparts in each sector, such as textiles, precious stones and jewellery, ...
Ursula von der Leyen says the European Union and India are demonstrating to a fragmented world that another path is possible.
At the meeting the free trade agreement between the two blocs is expected to be signed; negotiations began in 2007, were blocked and were resumed in 2022.
“The summit and the partnership will also serve for business cooperation in the defence sector,” a source says.
One of the highlights of António Costa and Ursula von der Leyen's agenda will be their attendance on Monday, at the invitation of Indian Prime Minister Narendra Modi, at the celebrations of India's 77th Republic Day. A free trade agreement between the two blocs is expected to be signed at the meeting.
The presidents of the European Council and the European Commission begin a visit to India this Sunday and will take part on Tuesday in New Delhi in the 16th EU‑India summit, “ready to open a new chapter in relations” with the Asian giant, according to European sources.
The President of the European Commission, who will travel to New Delhi at the end of January for the EU–India summit, wants to finalise the trade agreement between the two blocs there.
The President of the European Commission, who will travel to New Delhi at the end of January for the EU-India summit, wants to finalise the trade agreement between the two blocs there.
