On this special briefing, Union Minister of Commerce and Industry Piyush Goyal and Foreign Secretary Vikram Misri announce the successful conclusion of negotiations for the historic India-EU Free Trade Agreement (FTA). Piyush Goyal described the pact as a ‘game-changing and transformational visit in terms of the strategic partnership between Europe and Union and India,’ noting it covers 25 percent of global trade. The agreement provides duty-free access for Indian labor-intensive sectors like textiles, gems, and chemicals, while opening Indian markets for European technology and precision engineering. Foreign Secretary Vikram Misri highlighted the first-ever India-EU Security and Defence Partnership, which bolsters cooperation in maritime security, cyberspace, and counter-terrorism. The leaders also signed a Memorandum of Understanding on mobility to facilitate the movement of professionals and students. This 16th India-EU summit marks a milestone in bilateral relations, establishing a ‘Towards 2030’ roadmap for shared prosperity, innovation, and a resilient global supply chain.
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