Prime Minister Narendra Modi and President of the European Commission Ursula von der Leyen.
Credit: PTI File Photo
New Delhi: India and the European Union (EU) have successfully concluded negotiations for the proposed free trade agreement, Commerce Secretary Rajesh Agrawal said on Monday.
He said the trade deal from the Indian perspective is balanced and forward-looking, which will help in better economic integration of India with the EU.
It will propel trade and investments in both economies, he said.
"Negotiations have been successfully concluded. The deal has been finalised," Agrawal said.
Legal scrubbing of the FTA text is underway, and the endeavour will be to complete the processes and sign the pact at an early date, he said.
The deal is expected to be signed this year, and it may come into effect early next year.