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India-EU FTA Nearing Completion, Says Airbus India MD

Airbus India Managing Director Jurgen Westermeier has expressed strong support for the India-European Union Free Trade Agreement, calling it a "win-win" for both sides. The agreement, which addresses economies worth $24 trillion, was jointly announced by Prime Minister Narendra Modi and European Commission President Ursula von der Leyen in January. Westermeier highlighted the complementary nature of the trade partnership between the two largest democratic regions. Bilateral trade in goods between India and the EU stood at $136.54 billion in 2024-25, with services trade reaching $83.10 billion.

Key Points: India-EU FTA Win-Win: Airbus India MD

  • Airbus India MD calls India-EU FTA a win-win
  • Agreement addresses $24 trillion economies
  • Announced by PM Modi and Ursula von der Leyen in January
  • Bilateral goods trade stood at $136.54 billion in 2024-25
2 min read

India-EU FTA will be a win-win for both sides, looking forward to its ratification: Airbus India MD

Airbus India MD Jurgen Westermeier says the India-EU FTA will be a win-win for both sides, addressing $24 trillion economies. Looking forward to ratification.

"It will be a great win-win situation for both sides - Jurgen Westermeier"

New Delhi, May 7

Airbus India Managing Director and President Jurgen Westermeier on Thursday said the India-European Union Free Trade Agreement will be a "win-win" for both sides and expressed hope for its early ratification.

Speaking to ANI on the sidelines of the Federation of European Business in India meeting, Westermeier said the agreement would strengthen economic cooperation between two of the world's largest democratic regions.

"It is really great that we have now this EU-FTA free trade agreement nearly in place. Looking forward to have it ratified. It addresses 24 trillion US dollar, the two biggest democracies. It is very complimentary, the parts we are exchanging, so it will be a great win-win situation for both sides," he said.

The India-EU FTA was jointly announced by Prime Minister Narendra Modi and Ursula von der Leyen on 27th January this year during the 16th India-EU Summit held during the visit of European leaders to India.

According to official information shared during the summit, the agreement marks a major milestone in economic and trade relations between India and the European Union.

The announcement follows negotiations that resumed in 2022 and comes after years of discussions between both sides aimed at creating a balanced and modern trade partnership.

The India-EU FTA is expected to position India and the European Union as trusted partners committed to open markets, predictability and inclusive economic growth.

The European Union remains one of India's largest trading partners, with bilateral trade in goods and services continuing to grow steadily.

In 2024-25, bilateral trade in goods between India and the EU stood at Rs 11.5 lakh crore (USD 136.54 billion). India's exports to the EU were valued at Rs 6.4 lakh crore (USD 75.85 billion), while imports stood at Rs 5.1 lakh crore (USD 60.68 billion).

Trade in services between India and the European Union reached Rs 7.2 lakh crore (USD 83.10 billion) in 2024.

India and the European Union together account for around 25 per cent of global GDP and nearly one-third of global trade, making the agreement significant for both economies.

Officials said the integration of two large and complementary economies is expected to create new trade and investment opportunities across sectors.

Airbus India is the Indian arm of Airbus and serves as a major aircraft manufacturing and engineering hub for the global aerospace company. The company is involved in aircraft and helicopter design, sourcing and manufacturing activities in India.

- ANI

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Reader Comments

J
James A
As someone who works in trade, this is exciting news. India and EU complement each other well - we need European technology and investment, they need our market and skilled workforce. The numbers speak for themselves: $136 billion in goods trade and growing. Smart move by both sides.
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Sneha F
Honestly? I wish they'd focus on domestic issues instead of more trade deals. Our unemployment is still high, MSMEs are struggling, and inflation is hitting the common man. FTA sounds good on paper but who benefits really? Hope our negotiators are smart enough to protect Indian interests.
M
Michael C
This is exactly what global cooperation should look like. Two democratic powerhouses coming together for mutual benefit. The aerospace angle is particularly interesting - Airbus setting up more in India means jobs and tech transfer. Win-win indeed!
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Ritu A
🤔 I'm cautiously optimistic. We've seen FTAs before that sounded promising but didn't deliver for ordinary Indians. The EU has high environmental and labor standards - hope they don't use those as trade barriers against our exports. Let's see the fine print before celebrating.
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David E
Economic integration between democracies strengthens more than just trade - it builds trust and strategic partnerships. India's services sector will particularly benefit from easier access to European markets. And Airbus expanding in India shows the confidence global companies have in our ecosystem. Well done, PM Modi!

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