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- October 13, 202617°
- BIST10012,151-0.94%
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- EUR55.21-0.01%
- GOLD4,180.40-0.24%
- INTEREST37.00%-1.00
- BITCOIN82,276+0.64%
- October 13, 202617°
EU plans to sign trade deal with India by end of year
The European Union announced it aims to sign a free trade agreement with India by the end of the year. The deal is also expected to strengthen cooperation in investment, defence and economic connectivity.
European Commission President Ursula von der Leyen said the free trade agreement between the EU and India will be signed by the end of the year, after meeting Indian Prime Minister Narendra Modi on the sidelines of the G7 Leaders' Summit in Evian-les-Bains, France.
Von der Leyen described the deal as one of the largest trade arrangements they have concluded and said the process is moving quickly to deliver on the commitments made.
The EU side announced that work on an investment agreement will also be accelerated. Von der Leyen stated that cooperation in security and defence will be strengthened as well.
The parties will work together to advance the India-Middle East-Europe Economic Corridor, aiming to improve connectivity.
Negotiations on the free trade agreement between the EU and India began in 2007, and the process was reported to have been completed in January 2026.
The two sides already trade more than 180 billion euros in goods and services annually. The agreement is projected to double the EU's product exports to India by 2032.
Under the deal, India is expected to significantly reduce customs duties on a wide range of products including cars, machinery, chemicals and pharmaceuticals, while both sides protect their sensitive agricultural sectors.
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