Finnish President Alexander Stubb welcomed the EU-India Free Trade Agreement as historic. India and the EU concluded the long-pending pact, cutting tariffs on most goods. Leaders called it a major boost to trade and ties, with PM Modi urging businesses to deepen cooperation.
In a press release issued, SIMA Chairman Durai Palanisamy appreciated Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal for their leadership in bringing the agreement to fruition.
In a statement, Deepak Sharma, President, FMPCCI & Member FICCI, said the agreement would unlock significant opportunities by improving market access, strengthening supply chains and boosting exports across key sectors.
Union Minister G Kishan Reddy on Tuesday criticised the Congress-led Telangana government, alleging a lack of transparency in the site visit process for the Singareni.
Maharashtra Chief Minister Devendra Fadnavis on Tuesday hailed the signing of the India-European Free Trade Agreement (FTA) as "historic," congratulating PM Narendra Modi for concluding a deal impacting 30 percent of the world's population and 25 percent of global trade.
The FTA establishes a long-term, rules-based framework to unlock growth in trade, investment, and industrial collaboration for a combined market of nearly 2 billion people.
The India-EU Free Trade Agreement was concluded today after long negotiations and is expected to significantly enhance bilateral trade and investment ties, strengthen supply chains, and deepen economic cooperation between India and the European Union.