India-EU Free Trade Deal Nears Conclusion as Leaders Meet in Delhi

EU Trade Commissioner Maros Sefcovic expressed confidence that negotiations for the India-EU Free Trade Agreement are nearing their conclusion following a meeting with Union Minister Piyush Goyal. The meeting precedes the EU-India summit to be hosted by Prime Minister Narendra Modi in New Delhi. European Council President Antonio Costa and European Commission President Ursula von der Leyen are in India on a state visit and will attend Republic Day celebrations as guests of honour. The summit aims to adopt a comprehensive strategic agenda to reinforce the partnership between the two entities.

Key Points: India-EU FTA Nears Conclusion Ahead of Summit

  • FTA negotiations in final stages
  • Leaders meet ahead of Jan 27 summit
  • EU-India strategic partnership deepens
  • Republic Day guests of honour
2 min read

"Nearing the conclusion of FTA negotiations": EU Trade Commissioner in India

EU Trade Commissioner says India-EU free trade agreement negotiations are nearing conclusion ahead of the strategic summit in New Delhi.

"I'm confident to say we're nearing the conclusion of our FTA negotiations. - Maros Sefcovic"

New Delhi, January 25

EU Commissioner for Trade Maros Sefcovic said on Sunday that India and the European Union are nearing the conclusion of the free trade agreement negotiations.

EU Commissioner for Trade and Economic Security, as well as Inter-Institutional Relations and Transparency, Maros Sefcovic met with Piyush Goyal today after arriving in India.

The meeting comes ahead of the EU-India summit, which will be hosted by Prime Minister Narendra Modi, to be held in New Delhi on January 27.

Sharing a picture with Union Commerce Minister Piyush Goyal, Sefcovic wrote on X: "A big pleasure to be in India. Our 10th in-person engagement with Minister @PiyushGoyal - and I'm confident to say we're nearing the conclusion of our FTA negotiations. The cumulation of an intense past year - likely my most frequent trade engagement - reflecting its importance."

He expressed gratitude following the meeting and spoke with certainty about "nearing the conclusion of FTA negotiations."

Commenting on Sefcovic's post, Piyush Goyal said: "Pleased to agree that sustained and constructive engagement between us and our teams over the past year has brought us closer to a fruitful outcome. The European Union remains a vital economic and strategic partner for India, and we value our shared commitment to a mutually beneficial, ambitious India-EU FTA for the prosperity of our businesses and people."

At the summit, the leaders are expected to adopt a joint EU-India comprehensive strategic agenda to reinforce the strategic partnership and deepen cooperation, which delivers stability and prosperity at home and beyond.

Meanwhile, European Council President Antonio Luis Santos da Costa in a statement said, "India is a crucial partner for the EU. Together, we share the capacity and responsibility to protect the rules-based international order,"

Costa and the President of the European Commission, Ursula Von Der Leyen, were accorded a Guard of Honour and a ceremonial welcome at the airport in New Delhi today.

The leaders are on a state visit to India at the invitation of Prime Minister Narendra Modi.

While Costa arrived in New Delhi today, while European Commission President Ursula Von Der Leyen and Vice-President of the European Commission and EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, arrived yesterday.

Leyen and Costa will also attend India's 77th Republic Day celebrations on January 26 as guests of honour.

- ANI

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Reader Comments

P
Priyanka N
I just hope the agreement is truly balanced. Our farmers and local manufacturers need protection. We've seen how some past FTAs have hurt domestic sectors. Let's hope our negotiators have learned from that.
R
Rahul R
Great to see our Republic Day guests are also here for serious business. A strategic partnership with the EU is crucial for countering China's economic influence. Good move.
S
Sarah B
As someone working in the renewable energy sector, I'm particularly excited. Easier access to European green tech and investment could be a game-changer for India's energy transition.
V
Vikram M
"Nearing conclusion" for how many years now? 😅 I'll believe it when I see the signed document. These negotiations have been going on forever. Hope this time it's real.
K
Kavya N
The mobility of professionals and students should be a key part of this. Easier visas for skilled Indian workers in the EU would be a huge win for our youth.

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