NewKerala.com

India-EU FTA Signed: Airbus, Business Europe Hail "Make in India" Deal

The long-awaited Free Trade Agreement between India and the European Union has been formally signed, marking a significant milestone. European business leaders are celebrating the deal, with Airbus's president highlighting its alignment with India's "Make in India" manufacturing initiative. The agreement is viewed as a crucial source of economic optimism and stability amidst global geopolitical uncertainty. It promises to open a vast combined market, fostering growth and resilience for businesses on both continents.

Key Points: India-EU Free Trade Agreement Signed, Business Leaders Laud Deal

  • Landmark trade deal signed after long negotiations
  • European leaders commit to "Make in India" strategy
  • Agreement seen as boost for stability in uncertain times
  • Opens huge combined market for SMEs and large companies
2 min read

India-EU Trade Deal: European business leaders laud newly signed FTA

European business leaders from Airbus and Business Europe praise the newly signed India-EU FTA, highlighting opportunities for "Make in India" and market growth.

"This is a fantastic day... 'Make in India' is at the core of our strategy. - Wouter van Wersch"

New Delhi, January 27

The long-awaited India-EU Free Trade Agreement has brought a wave of optimism to leaders and industries across both continents. After years of negotiation, the deal is being hailed not just as a legal document, but as a bridge between two economies, while the people behind the numbers, the agreement represents more than just lowered tariffs; it is a commitment to shared innovation, job creation, and a more stable global market.

Wouter van Wersch, President of Airbus International, noted, "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." He highlighted the shift towards local production, explaining that "Make in India is at the core of our strategy."

He further talked about the technological support they can provide, "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."

The sentiment was echoed by Fredrik Persson, President of Business Europe, who viewed the agreement as a vital beacon of hope during a time of global instability. He noted that in a "world situation where we have high geopolitical uncertainty, where we are being challenged on the rule-based trade, we needed good news and potential growth going forward."

"The FTA between India and the EU is just that. It's opening up a combined huge market and opportunities for large Indian companies and SME European companies. This is something we've never seen before," he further said.

Jan-Olof Jacke, CEO of the Confederation of Swedish Enterprise, pointed out that the partnership is a win for stability and long-term strength. He noted that combining two of the largest economies in a rules-based agreement "is going to make a significant contribution to both our growth in both economies, but also to our resilience and strengthening our competitiveness."

- ANI

Share this article:

Reader Comments

P
Priya S
While the optimism is great, I hope our negotiators secured good terms for our farmers and small businesses. Sometimes these big deals favor large corporations. Let's wait and see the fine print.
R
Rohit P
Technology transfer is the key takeaway here. If Airbus and others truly bring advanced tech for local production, it can uplift our entire aerospace and defence ecosystem. A game-changer for Atmanirbhar Bharat!
S
Sarah B
As someone working in a Bengaluru tech startup, this opens up incredible opportunities for collaboration with European SMEs. A more stable, rules-based trade environment is exactly what innovators need.
V
Vikram M
Finally! Years of negotiation have paid off. This deal is not just about trade, it's a strategic partnership in a turbulent world. Strengthening ties with the EU is a smart move for India's global standing.
K
Karthik V
Hope the benefits trickle down to the common man. Cheaper European goods are nice, but what we really need is more quality employment and skill development. The focus on "human development capabilities" sounds promising.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50