Ursula von der Leyen, President of the European Commission, suggested a potential investment agreement with India during a joint press event in Sweden. She lauded the India-EU Free Trade Agreement as a significant achievement, dubbing it the “mother of all Deals.” Von der Leyen emphasized the importance of providing businesses with the necessary information to capitalize on the deal’s benefits from the outset.
Prime Minister Narendra Modi, in response to von der Leyen’s remarks, expressed optimism about the robust potential of India-Europe relations post the trade agreement. The EU Chief underscored the significance of the investment agreement in bolstering economic cooperation, particularly amidst evolving supply chains and unprecedented economic security challenges.
Von der Leyen highlighted the investment agreement as a crucial component in enhancing economic ties between member states like Sweden and India. She encouraged other states to follow Sweden’s lead in fostering stronger bilateral relationships. The EU Chief also emphasized the progress made in security and defense cooperation, including joint naval exercises, as part of the broader EU-India partnership.
