India-EU signs biggest Free Trade Agreement in India's history: PM Modi

Prime Minister Narendra Modi, on Tuesday, while calling the India-EU Free Trade Agreement a “decisive chapter,” said it is the biggest Free Trade Agreement in India’s history.

On January 27, India signed the FTA with 27 European nations, aimed at boosting investment, forming new innovation partnerships, and strengthening global supply chains.

“This is not just a trade agreement, it is a blueprint for shared prosperity,” PM Modi said while addressing the occasion in the presence of the EU delegation led by European Commission President Ursula von der Leyen and European Council President António Luís Santos da Costa.

António, while also speaking on the occasion, thanked PM Modi for welcoming the EU leaders on India’s 77th Republic Day. The EU leaders were the chief guests at the celebrations.

Speaking about the FTA, António said, “Our summit sends a clear message to the world. At a time when the global order is being fundamentally reshaped, the European Union and India stand together as strategic and reliable partners. Today, we are taking our partnership to the next level. As the two largest democracies in the world, we are working hand in hand to deliver concrete benefits for our citizens and to shape a resilient global order that underpins peace and stability, economic growth and sustainable development."

PM Modi also stated that the coming together of India and the EU is a partnership for “global good.”

“We will advance trilateral projects from the Indo-Pacific to the Caribbean. Together, we will establish the IMEC corridor as an important link for global trade and sustainable development,” PM Modi said.

He added that amid "turmoil" in the global order, India-EU cooperation will strengthen stability in the international system.

“We discussed many global issues, including Ukraine. We share the opinion that global institutional reforms are very necessary today,” Modi further added.

António said that trade is a crucial geopolitical stabiliser and a fundamental source of economic growth, with trade agreements reinforcing a rules-based economic order and promoting shared prosperity.

“That's why today's free trade agreement is of historic importance. One of the most ambitious agreements ever concluded, creating a market of 2 billion people," he added.

List of Outcomes: Visit of President of the European Council and President of the European Commission to India

S.No	Documents	Areas
1.	Towards 2030: A Joint India-European Union Comprehensive Strategic Agenda	Overarching document covering all aspects of India-EU Strategic Partnership
2.	Joint Announcement on the conclusion of the negotiations of the India-EU Free Trade Agreement	Trade and Economy; and Finance
3.	MoU between RBI and European Securities and Market Authority (ESMA)
4.	Administrative Arrangement on Advanced Electronic Signatures and Seals
5.	Security and Defence Partnership	Defence and Security
6.	Launch of negotiations for an India-EU Security of Information Agreement	Defence and Security
7.	MoU on Comprehensive Framework on Co-operation on Mobility	Skilling and Mobility
8.	Announcement on setting up of European Union pilot Legal Gateway Office in India aimed to enhance skill mobility	Skilling and Mobility
9.	Administrative Arrangement between NDMA and the Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG-ECHO) concerning Co-operation in Disaster Risk Management and Emergency Response	Disaster Management
10.	Constitution of a Green Hydrogen Task Force	Clean Energy
11.	Renewal of India-EU Agreement on Scientific & Technological Cooperation for the period 2025- 2030	Science & Technology, and Research & Innovation
12.	Launch of exploratory talks for India entering into an association agreement with Horizon Europe Programme	Science & Technology, and Research & Innovation
13.	Agreement to jointly implement four (4) projects under the India-EU Trilateral Co-operation on Digital Innovation and Skills Hub for Women and Youth; Solar-Based Solutions for Empowering Women Farmers in Agriculture and Food Systems; Early Warning Systems; and Solar Based Sustainable Energy Transition in Africa, and Small Island Developing States in the Indo-Pacific and Caribbean	Connectivity

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