India and the European Union aim to finalize FTA Negotiations by next month. To further diversify India Europe relations both the nations have also vowed to work jointly towards a free, open, inclusive, and prosperous Indo-Pacific. Apart from the trade relations the two sides also emphasised on respect for sovereignty, territorial integrity, and the peaceful resolution of disputes while highlighting the need for a comprehensive, just and lasting peace in Ukraine in accordance with international law and the principles of the UN charter. The Ministry of External Affairs (MEA) and the EU shared these details in a joint media statement.
In an attempt to foster trade relations, India and the 27-nation bloc also reiterated their support for the ‘Peace Plan for Gaza’ and underlined the need for early restoration of peace and stability there.
India-EU Keen to Finalize FTA Negotiations by Year End
Both India & EU have expressed their willingness to finalize FTA negotiations by year end. The joint statement by the Ministry of External Affairs (MEA) and the EU said that the free trade agreement discussions covered a broad range of topics, including economic ties between the two nations, trade and investment, the Global Gateway, the India EU Connectivity Partnership and India-Middle East-Europe Economic Corridor (IMEC), as well as cooperation in the fields of innovation and science and technology.
“The two sides reaffirmed the shared ambition to conclude negotiations on the Free Trade Agreement by the end of this year and to accelerate negotiations on the Investment Protection agreement and the agreement on Geographical Indications,” the statement said. Further India EU also discussed about the upcoming BRICS chairship in 2026. Notably, BRICS 2026 will be held in India. The Foreign Policy and Security Consultations were chaired by EU’s Deputy Secretary General for Political Affairs, Olof Skoog and Secretary (West) in the Ministry of External Affairs Sibi George. India EU partnership not only focuses on economic ties but also on promoting a free, open, inclusive, peaceful and prosperous Indo-Pacific.
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