India and the EU have agreed to complete a long-delayed free trade agreement by the end of this year, enhancing cooperation in trade, technology, and defense. The leaders affirmed the strengthening of their strategic partnership, with the EU being India’s largest trading partner. The next round of negotiations is scheduled for March.
On February 28, 2025, in New Delhi, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen announced their commitment to finalize a long-awaited free trade agreement (FTA) by the end of the year. The leaders discussed enhancing cooperation across various sectors, including trade, technology, connectivity, and defense, emphasizing an elevated India-EU partnership. Prime Minister Modi stated that the strategic alliance is grounded in shared democratic values and mutual trust.
In conclusion, India and the European Union are poised to solidify their partnership with a significant free trade agreement expected to be finalized by year-end. This agreement, alongside collaborative efforts in various areas, underscores the importance of India as a key trading partner for the EU. Both leaders expressed their commitment to fostering a stronger economic relationship amid changing global dynamics.
Original Source: apnews.com
