India and EU Seal Historic Free Trade Agreement: A New Era for Bilateral Trade

India and the European Union have completed their landmark Free Trade Agreement, enhancing trade relations and opening markets for goods, services, and investments. The agreement aims at unprecedented market access, boosting employment, innovation, and strategic cooperation, marking India as a key player in global trade and economic growth.

In a landmark development, India and the European Union have concluded a historic Free Trade Agreement (FTA) at the 16th India-EU Summit. Prime Minister Narendra Modi joined European Commission and European Council Presidents to announce the deal, marking a new chapter in bilateral economic engagement.

The FTA promises to augment trade in goods and services, with India securing access to over 99% of its exports to the EU. This strategic accord supports the 'Make in India' initiative, ushering in market opportunities, job creation, and expanded competitiveness globally.

Beyond trade, the agreement fosters cooperation in services, professional exchange, and innovation. It addresses emerging areas like digital trade and commits to sustainable development goals, fortifying India's position as a trusted partner on the world stage.

(With inputs from agencies.)