Sjoerd Sjoerdsma hopes India-EU FTA is implemented in spring 2027

India-EU FTA may be implemented in spring 2027, hopes Dutch trade minister

By Sahil Pandey, Hague, October 26

Sjoerdsma said the Netherlands and the European Union were ambitious about completing the remaining formalities for the agreement, which he described as unique and far-reaching.

"We hope that this will be signed in December, and we hope that implementation will follow as soon as possible, preferably the next day. But we all know it takes a little more than that," he said.

"I don't have my crystal ball as to the exact date, but let's hope that this gets implemented spring next year," he added.

The minister said the agreement had been concluded in almost record time, reflecting the ambition to deepen economic engagement between India and the European Union.

On his meeting with Union Commerce and Industry Minister Piyush Goyal, Sjoerdsma said he was pleased to meet his Indian counterpart again and had accepted Goyal's invitation to visit India in January next year.

Emphasising the importance of trust in strengthening economic ties, he said relations between India and the Netherlands were at an all-time high.

"We need to ensure that there is a huge amount of trust between us, because where there is trust, there will be economic relations. And if I look at the trust between the Netherlands and India, I think it's an all-time high," he said.

Sjoerdsma said both countries stood to benefit from greater commercial engagement, with Dutch innovation complementing India's talent and skills.

He also expressed optimism about expanding bilateral trade and said he would like to see India-Netherlands trade double as soon as possible.

The minister's remarks come as India and the Netherlands seek to strengthen economic cooperation amid efforts to advance the India-EU trade agreement.

— ANI