India-EU Summit Highlights | Trade pact likely to be implemented within 2026: Piyush Goyal

India-EU Summit LIVE updates | India, EU wrap up talks for landmark trade deal amid strained US ties

'The deal ‍will propel trade and investment between both sides,' said India Trade Secretary Rajesh Agrawal.

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India-EU Summit LIVE updates | EU and India to explore defence cooperation, draft document says

The European Union and India will explore ​possibilities for India's ‌participation in European ⁠defence initiatives, ‌according to a draft security and defence partnership document seen by ​Reuters.

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India-EU Summit LIVE updates | Duty cuts on labour-intensive sectors, cars, wines likely part of India, EU FTA

They said the pact is also expected to include liberalisation of norms in several services sectors.

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India-EU free trade pact: What's agreed, what's at stake after years of talks

Ratification and Impact

Once signed, and ratified by the European Parliament, a process that could take ​at least a year, the pact could expand bilateral trade, and lift Indian exports such as textiles and jewellery, ‌which have been hit by 50% U.S. tariffs since late August.

However, a ⁠vote by EU lawmakers earlier this ‌week to challenge the EU-South America pact in the bloc's top court highlights how parliamentary hurdles could delay or complicate ratification.

Investment protection and geographical indications (GIs) are being negotiated separately, narrowing the FTA's focus to goods, services and trade rules.

Why it matters now

The pact would be India's ninth trade agreement in four years, reflecting New Delhi's push to secure market access as global trade ​turns more protectionist. For the EU, the deal supports supply-chain diversification and reduces reliance on China, while tapping India's fast-growing $4.2 trillion economy.

Gains for India

The EU is among India's top trading partners, along with the United States and China, with total bilateral goods and services trade exceeding $190 billion ‌in 2024/25. India ‌exported about $76 billion in goods and $30 billion in services to the 27-nation bloc.

Average EU tariffs on Indian goods are relatively low at about 3.8%, but labour-intensive sectors ⁠such as textiles and garments face duties of around 10%, according to Global Trade Research Initiative, a Delhi-based think tank.

The FTA would help restore competitiveness lost after the EU began withdrawing tariff concessions under Generalised System of Preferences (GSP) in 2023, on products including garments, pharmaceuticals and machinery, ⁠and offset the impact of higher U.S. tariffs.

India is also seeking access for its ⁠professionals and export of IT services.

Gains for EU

EU exports to India face much higher ‌barriers, with a weighted-average tariff of about 9.3% on $60.7 billion of goods in 2024/25.

Duties are particularly ‌steep on automobiles, auto parts, chemicals and plastics. Tariff cuts would open opportunities in cars, machinery, aircraft and chemicals, while improving access to services, procurement and investment in one of the world's fastest-growing large markets.

India–EU FTA offers major boost for labour-intensive exports and single-market access," says Dr Arpita Mukherjee

India–EU FTA offers major boost for labour-intensive exports and single-market access," says Dr Arpita Mukherjee Professor at ICRIER.

India-EU Summit LIVE Updates | A delegation of the European Union holds a meeting with Defence Minister Rajnath Singh.

This comes after reports surfaced that European Union and India will explore ​possibilities for India's ‌participation in European ⁠defence initiatives

India-EU Summit LIVE Updates | 'The signing of the Security and Defence Partnership is a milestone, and we can build on that': Vice-President of the European Commission, Kaja Kallas

India-EU Summit LIVE Updates | Traffic curbs imposed as EU leaders set to visit Delhi's Rajghat

Traffic movement in and around Rajghat and adjoining areas in the national capital will be restricted for a few hours on Tuesday morning to facilitate European Union leaders to visit the memorial and pay their respects to Mahatma Gandhi.

The official event at Mahatma Gandhi Smriti Sthal, to be attended by the visiting EU delegation along with other dignitaries, will be held between 9.15 am and 12.30 pm.

Special traffic arrangements will be in place to ensure its smooth conduct, according to a traffic advisory issued by the Delhi Police.

Diversions will be imposed "as and when required" at key junctions, including at ITO Chowk, Delhi Gate, Guru Nanak Chowk, Shantivan Chowk, Rajghat DTC Depot and IP Flyover, the advisory stated.

(PTI)

India-EU Summit LIVE Updates | India-EU summit to lay broader vision to navigate geopolitical tensions

Top leaders of India and the European Union will on Tuesday announce the conclusion of negotiations for a landmark trade deal, firm up a strategic defence pact and unveil a broader vision to navigate the geopolitical turbulence and trade disruptions.

Prime Minister Narendra Modi will host European Commission President Ursula von der Leyen and European Council President Antonio Costa for summit talks against the backdrop of new fissures in ties between Europe and the US.

Costa and von der Leyen graced the 77th Republic Day celebrations at the Kartavya Path as chief guests on Monday.

"A successful India makes the world more stable, prosperous and secure. And we all benefit," Von der Leyen said ahead of the summit.

The world has been witnessing new geopolitical upheavals triggered largely by Washington's policies on trade and security.

The long-awaited India-EU free trade agreement, billed as "mother of all deals" is expected to significantly expand the overall trajectory of two-way engagement as it will open up new opportunity for cooperation in diverse areas.

(PTI)

India-EU Summit LIVE Updates | Europe is financing a war against itself with India-EU trade deal: US

US Treasury Secretary Scott Bessent warned Europe that by signing a deal with India, they are indirectly funding a war against themselves, Since India buys Russian oil, all refined products are technically Russian and Europe is funding the Ukraine-Russia war.

"We have put 25 per cent tariffs on India for buying Russian oil. Guess what happened last week? The Europeans signed a trade deal with India,” Bessent told ABC News Sunday.

'Mother of all deals' to bring opportunities to India: PM Modi

India-EU Summit LIVE Updates | Free Trade Agreement with the European Union will also complement Britain and EFTA's agreements: PM Modi

India-EU Free Trade Agreement compliments India-UK trade deal, it will boost manufacturing sector, support services: Modi at India Energy Week.

India-EU Summit LIVE Updates | EC President António Luís Santos da Costa and President of EU, Ursula Von Der Leyen lay wreath at Rajghat and pay tributes to Mahatma Gandhi

India-EU Summit LIVE Updates | PM Modi announces signing of India-EU Free Trade Agreement

 Prime Minister Narendra Modi on Tuesday announced the signing of the India-EU Free Trade Agreement (FTA), saying it accounts for 25 per cent of global GDP and one-third of global trade.

Addressing the Indian Energy Week virtually, Modi congratulated all on the EU-India trade deal and said, "I am informing you about a big development … a significant agreement was signed between India and Europe yesterday (Monday)."

People are discussing it as a "mother of all deals”, and this agreement has brought a lot of opportunities for 140 crore Indians and crores of Europeans, he said.

PM Modi meets EU chief Ursula Von Der Leyen and EC President António Luís Santos da Costa

India-EU Summit LIVE Updates | India, EU are looking at building trusted defence ecosystems and future-ready capabilities: Rajnath Singh

India-EU Summit LIVE Updates | EU leaders at the Hyderabad House in Delhi

India-EU Summit LIVE Updates | Discussed opportunities for integrating supply chains: Defence Minister Rajnath Singh after meeting EU foreign policy chief Kaja Kallas

People around the world are calling it 'the Mother Of All Deals': Piyush Goyal

India-EU Summit LIVE Updates | Europe, India making history today: EU chief on FTA agreement

India-EU Summit LIVE Updates | Tariffs on 96.6% of EU goods exports will be eliminated or Reduced: EU

India-EU Summit LIVE Updates | 'India's FTA with EU will send strong signals of openness, fair trade'

The proposed trade deal between India and the European Union will send a strong signal to global businesses that New Delhi believes in openness and fair trade as it will provide for certainty and rule-based order, people familiar with the matter said on Tuesday.

The top leaders of India and the 27-nation bloc are set to shortly announce the conclusion of the negotiations for the mega deal that would create a market comprising two billion people.

The India-EU free trade agreement is aimed at an open, fair, stable and rule based trading order as it sends a strong signal among global businesses that New Delhi believes in openness and fair trade, the people cited above said.

India-EU Summit LIVE Updates | EU, India ink mother of all deals

India-EU Summit LIVE Updates | EU, India sign defence deal

India-EU Summit LIVE Updates | India, EU sign security pact

India-EU Summit LIVE Updates | India, EU Sign Mobility Pact to Allow Movement of Students, Workers

I welcome my two dear friends —Ursula von der Leyen and Antonio Costa: PM Modi

India-EU Summit LIVE Updates | PM Narendra Modi, the President of the European Commission, Ursula Von Der Leyen and the President of the European Council, António Luís Santos da Costa, witness the signing and exchange of the political declaration of the conclusion of negotiations of the India-EU Free Trade Agreement

In India's history this is the biggest trade agreement: PM Modi

India-EU Summit LIVE Updates | Today is another such moment, when two major democratic powers are adding a decisive chapter in their relationship: PM Modi

India-EU Summit LIVE Updates | This partnership is for global good: PM Modi

There is a chaos in global order and in these times, this partnership will help stabilise the chaos: PM Modi

India-EU Summit LIVE Updates | This summit is a turning point: PM Modi

We are opening new chapter in our relations: President of European Council Antonio Costa

I am also an overseas Indian citizen: Antonio Costa

Our summit sends a clear message to the world, India and EU stand together as equal partner: Antonio Costa

The EU, India must work together: Antonio Costa

Trade is crucial defining moment: António Costa

As the world's largest democracies, the EU and India share the responsibility of upholding the international law and UN charter: Antonio Costa

António Costa brings up the importance of Ukraine's sovereignty: Antonio Costa

We can count on PM Modi to help Ukraine regain its sovereignty: Antonio Costa

When India succeeds , world is more prosperous: EU cheif Ursula von der Leyen

We did it, we delivered the mother of all deals: Ursula von der Leyen

This is a win-win deal: Ursula von der Leyen

We are also delivering security for our people: Ursula von der Leyen

We will enhance this cooperation further: Ursula von der Leyen

EU and India are reliable partners and this how we demonstrate the trust: Ursula von der Leyen

Europe and India will always chose science and progress: Ursula von der Leyen

We will set up India-EU hubs: Ursula von der Leyen

Our greatest wealth is our people: Ursula von der Leyen

2 weeks ago, India marked Makar Sankranti. From darkness to light , from stillness to growth. The time is right for fresh momentum: Ursula von der Leyen

India-EU Summit LIVE Updates | German carmaker CEOs laud India-EU trade deal as opportunity for Germany

The ​CEOs of ‌Volkswagen, ⁠BMW and ‌Mercedes welcomed the finalization of ​a long-pending landmark trade ‌deal ‌between India and ⁠the European Union on Tuesday, ⁠saying ⁠that ‌it ‌represented an opportunity ‍for Germany.

India-EU Summit LIVE Updates | India-EU FTA to help boost exports, promote manufacturing: Exporters

Import duty concessions granted by the EU under the free trade agreement with India will help boost the country's exports to the 27-nation bloc and promote domestic manufacturing, according to exporters.

The European Union and India on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA) here.

India's bilateral trade in goods with the EU was USD 136.53 billion in 2024-25 (exports worth USD 75.85 billion and imports at USD 60.68 billion), making the EU India's largest goods trading partner.

The EU market accounts for about 17 per cent of India's total exports, and the bloc's exports to India constitute 9 per cent of its total overseas shipments.

The pact is expected to come into force early next year. (PTI)

India-EU Summit LIVE Updates | FTA to strengthen multipolarity, help de-risk global order: EAM

India-EU Summit LIVE Updates | India has risen, Europe is truly glad about it: European Commission President Ursula von der Leyen

India-EU Summit LIVE Updates | FTA will create millions of jobs in India and Europe: European Commission President Ursula von der Leyen

India-EU Summit LIVE Updates | Hopeful of implementing trade pact within calendar year 2026: Commerce Minister Piyush Goyal

Goyal said, "India-EU FTA opens up plethora of opportunities for investments on both sides."

He further added that the FTA is win-win for all sections of industry in India as well as Europe.

India-EU Summit LIVE Updates | FTA with EU to catalyse India's export-led global value chain integration: ICEA

The FTA with EU aligns directly with India's pivot from scale-led domestic manufacturing to export-oriented integration with global value chains, while promoting inclusive growth across regions and skills, India Cellular and Electronics Association (ICEA) said on Tuesday.

In electronics, the FTA creates a credible pathway to build exports of nearly USD 50 billion by 2031 across electronic goods, including mobile phones, consumer electronics, and IT hardware, with the potential to exceed USD 100 billion in the following decade anchored in manufacturing depth, job creation, innovation, and India's emergence as a trusted global supplier, the industry body said.

ICEA's views come as India and the European Union (EU) have sealed a landmark free trade agreement -- billed as "mother of all deals" -- with Prime Minister Narendra Modi and the top EU leadership unveiling a grand agenda to leverage trade and defence to strengthen ties. (PTI)

India-EU Summit LIVE Updates | FTA blueprint for shared prosperity, ties with Europe to strengthen world stability: PM

Prime Minister Narendra Modi on Tuesday said the India-EU free trade agreement is a blueprint for shared prosperity for the global good, and the country's partnership with Europe will strengthen international stability at a time when the world order is witnessing turbulent times.

Modi was speaking at a joint press meet with European Council President Antonio Costa and European Commission President Ursula von der Leyen after the conclusion of negotiations for the India-EU free trade agreement and summit meeting.

"This is not just a trade agreement. It is a new blueprint for shared prosperity," Modi asserted.

Noting that India has concluded the largest free trade agreement in its history, the prime minister said the "historic agreement" will facilitate access to the European market for India's farmers and small industries, create new opportunities in manufacturing, and strengthen cooperation in its services sectors. (PTI)