EU-India FTA by End 2026
·
Prime
Minister Narendra Modi held a bilateral meeting with:
o
António
Costa
o
Ursula
von der Leyen
on the sidelines of the G7 Summit.
·
The
leaders reviewed the progress made since the 16th India–EU Summit held in India in
January 2026.
·
They
welcomed the successful conclusion of negotiations for the India–EU Free Trade Agreement (FTA),
describing it as a historic milestone.
·
Both
sides emphasized the need for the early
signing and implementation of the FTA, which is expected to:
o
Boost
trade and investment flows
o
Strengthen
economic cooperation
o
Diversify
and secure global supply chains
o
Enhance
resilience amid geopolitical uncertainties
·
The
leaders highlighted that India and the European Union are:
o
Two
of the world's largest democracies
o
Open-market
economies
o
Pluralistic
societies sharing common values and mutual trust
·
They
reviewed progress under the Joint
India–EU Comprehensive Strategic Agenda, adopted in January
2026.
·
The
agenda is expected to further deepen the India–EU
Strategic Partnership and deliver long-term, mutually
beneficial outcomes.
·
The
leaders exchanged views on major regional and global developments, including
the evolving situation in West
Asia.
·
They
welcomed recent positive developments in the region and supported efforts aimed
at peace and stability.
·
India
and the EU reaffirmed their shared commitment to building a resilient multipolar world order
that promotes:
o
Peace
and security
o
Economic
prosperity
o
Sustainable
development
Key Takeaway
The Modi–EU leadership meeting
reinforced the growing India–EU strategic partnership, with the landmark
India–EU FTA emerging as a major step toward deeper trade, investment,
supply-chain resilience, and cooperation in shaping a stable multipolar global order.
[ABS News
Service/18.06.2026]
Prime Minister Narendra Modi today held a
bilateral meeting with the President of the European Council, H.E. Mr. António
Costa, and President of the European Commission, H.E. Ms. Ursula von der Leyen,
on the sidelines of the G7 Summit in Evian.
Recalling the landmark 16th India-EU
Summit held in India in January 2026, the leaders welcomed the remarkable
progress made in India-European Union bilateral relations since then. The
leaders emphasized the recent conclusion of negotiations for the India-EU Free
Trade Agreement as a historic achievement and stressed its expeditious signing
and implementation, which would unlock huge opportunities for trade and
investment and contribute towards diversification of supply chains,
particularly in the current turbulent geopolitical context.
As the world’s two largest democracies,
with open market economies and pluralistic societies, India and the EU share a
relationship based on trust, shared values and a common vision for the future.
The leaders discussed the progress on the Joint India-EU Comprehensive
Strategic Agenda endorsed in January 2026 and shared the sentiment that it
would further reinforce India-EU strategic partnership and deliver mutually
beneficial and transformative outcomes.
Exchanging views on regional and global
issues of mutual interest, the leaders welcomed the developments in West Asia.
They reiterated their shared commitment to shaping a resilient multipolar
global order that contributes to peace and stability, prosperity and
sustainable development.