Free Trade Agreement Between India and Eu: Prime Minister Narendra Modi (Prime Minister Narendra Modi) said after meeting with European Union Head Ursula von Der Leyen on Friday that India said that India said that till the end of this year, India said ” Trade will finalize the agreement). PM Modi said in New Delhi, “We have asked our teams to work on a mutually beneficial bilateral free trade agreement by the end of this year.”
Von Der Leyen is on a visit to India amidst the sourness in relations with the United States. She said that she is “expecting a lot from the talkters of the business agreement.” Access to India’s fast growing market was at the top of the European Union delegation’s agenda and looked quite happy after meeting with European Union chief PM Modi and his ministers.
According to Brussels, the European Union is already the largest trading partner in India, which is trading goods worth 124 billion euros ($ 130 billion) in 2023. This is more than 12 percent of the total Indian trade. The Indian market provides many opportunities for areas ranging from defense to agriculture, cars and clean energy. Nevertheless, it is currently only 2.2 percent of the European Union trade. Von Der Leyen said in a statement after the meeting, “We have tasked our teams to maintain this pace and finalize our FTA before the end of the year.”
Standing with PM Modi, the European Union chief said, “We told him that he should surprise us.”
The EU is emphasizing a trade agreement that will reduce obstacles for its cars, spirit, wine and other products. Meanwhile, India expects more European Union investment in areas such as clean energy, urban infrastructure and water management. New Delhi is also emphasizing on easy mobility for its skilled workforce and high investment for enterprises in India.
Von Der Leyen’s visit is considered very important for India. Especially when US President Donald Trump is constantly announcing tariffs against both his friends and enemies.