Portugal’s Secretary of State for Economy, Joao Rui Ferreira, expressed optimism about the India-EU free trade agreement, emphasizing its potential to enhance the strategic partnership between the two entities. Ferreira highlighted that the agreement aims to establish a stable and predictable regulatory framework, going beyond tariffs to ensure consistency and long-term predictability for businesses on both sides.
Ferreira noted India’s significant economic growth, positioning the country as a major global player with ambitions to further advance its standing. He commended Prime Minister Narendra Modi’s leadership during this transformative period, emphasizing India’s positive initiatives for infrastructure development and reindustrialization.
Acknowledging the strong political ties between Portugal and India, Ferreira emphasized the need to bolster business relations. He praised India’s Vision 2047 and its focus on infrastructure development, foreseeing a positive impact on the quality of life for Indian citizens and societal strength.
In the realm of AI and the digital economy, Ferreira highlighted Portugal’s emphasis on economic development in these areas. He underscored Portugal’s prowess in STEM education, engineering, and technological talent, emphasizing the country’s strategic positioning in digital connectivity and energy competitiveness.
Ferreira encouraged Indian entrepreneurs and investors to explore opportunities in Portugal, portraying the country as a welcoming and conducive environment for investment and growth. He highlighted Portugal’s role as a gateway to Europe and Portuguese-speaking nations, offering support through the country’s Trade and Investment Agency for those interested in tapping into the market.
