India and EU decide to conclude free trade agreement by end of 2025

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India and EU decide to conclude free trade agreement by end of 2025 - Business Standard

Quick Summary:

Prime Minister Narendra Modi and European Commission president Ursula von der Leyen on Friday issued directions to conclude an ambitious free trade agreement by end of this year as the two leaders vowed to expand India-EU strategic partnership in areas of defence, security and critical technology.

We have directed our teams to conclude a mutually beneficial bilateral free trade pact by the end of this year, he said, in a hugely significant decision that came amid growing global concerns over the Trump administration's policy on trade and tariff.

In his media statement after talks with Von der Leyen, Modi described India-EU strategic partnership as "natural and organic" and one that it is based on "trust" and shared belief in democratic values.