Nobel laureate Abhijit Banerjee called the India-EU free trade agreement a strategic alignment signaling reduced dependence on the US but cautioned that efficiency, logistics, and supply-chain improvements are crucial for India to fully benefit from the pact
The US has criticised the EU for finalising a free trade agreement with India, accusing Europe of prioritising commerce over Ukraine by refusing to penalise New Delhi for buying Russian oil amid the ongoing war.
US Trade Representative Jamieson Greer said India emerged on top in the India-EU free trade agreement, gaining greater market access and mobility benefits. He noted EU’s globalization push amid US protectionism and highlighted ongoing concerns over India’s Russian oil purchases
India and the European Union signed a landmark free trade agreement, described as the “mother of all deals,” aiming to create a market of two billion people. The pact will cut tariffs on most goods, boost key sectors, and deepen strategic cooperation, alongside defence and mobility agreements
India and the European Union have concluded official-level negotiations for a long-pending free trade agreement, paving the way for expanded trade, duty-free access for key sectors and deeper economic integration, with a formal announcement expected at the India-EU Summit
The proposed India-EU free trade agreement, set to be announced on January 27, is expected to include import duty cuts on labour-intensive sectors, automobiles and wines, along with liberalised norms in services, sources said
Commerce and Industry Minister Piyush Goyal will visit Brussels on October 27–28 to meet EU Trade Commissioner Maros Sefcovic. The visit aims to accelerate India–EU FTA talks and provide political direction for a comprehensive and balanced trade deal
India and Germany have agreed to work towards doubling their trade, which reached $33.4 billion in 2024. Both nations support a speedy conclusion of the India-EU FTA. Germany remains a key investor and trading partner for India
India is actively negotiating Free Trade Agreements (FTAs) with multiple countries including the US, EU, Oman, Chile, Peru, and New Zealand, Commerce Minister Piyush Goyal said during the BT India @100 event. With India now the world’s fourth-largest economy, Goyal affirmed that the nation is on track to become the third-largest.
