On this Special Report, Foreign Secretary Vikram Misri briefs the media on the historic outcomes of the 16th India-EU Summit held in New Delhi. Misri announced the successful conclusion of negotiations for a landmark India-EU Free Trade Agreement (FTA), stating, ‘The FTA that was – whose negotiations were concluded and announced today will have a transformative role beyond boosting bilateral trade.’ He highlighted that the EU is one of India’s largest trading partners, with bilateral trade reaching nearly $136 billion in 2024-25. Beyond trade, the summit marked the signing of a first-of-its-kind India-EU Security and Defense Partnership and a memorandum on mobility for professionals and students. The Foreign Secretary also noted the launch of a roadmap titled ‘Towards 2030’ to guide strategic ties across technology, innovation, and connectivity. The briefing emphasized that these agreements create a ‘blueprint for shared prosperity’ between the world’s second and fourth largest markets.
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