Prime Minister Narendra Modi shared the conclusion of the significant India-EU Free Trade Agreement, emphasizing its potential to deepen economic ties and create opportunities for both regions. The agreement, termed historic, is expected to strengthen the partnership between India and Europe for a prosperous future. PM Modi expressed gratitude to European leaders for their role in making this agreement possible.
The India-EU Free Trade Agreement represents a crucial milestone in the bilateral relations between the two regions. This agreement, the largest Free Trade Agreement in India’s history, is anticipated to bring substantial benefits to the vast population of India, facilitating easier access to European markets for farmers and small industries.
PM Modi highlighted the various advantages of the agreement, including the creation of new opportunities in manufacturing, enhanced cooperation in the services sector, and the promise of unprecedented growth and cooperation between the second and fourth largest economies in the world. The deal is expected to benefit not only India and the EU but also the global community at large.
The agreement is set to generate quality jobs across key sectors, promote mobility for youth, professionals, students, and researchers, and leverage the potential of the digital age. It is also projected to drive innovation, foster economic ties, and contribute to mutual growth between India and the EU. PM Modi emphasized the shared commitment of both parties to building a stable, prosperous, and future-ready economic relationship.
The Prime Minister highlighted the collaborative efforts between India and the EU, underscoring their trust and ambition towards a sustainable and prosperous future. He noted that the India-EU Business Forum served as a valuable platform for discussing the extensive economic connections between the two regions.
