US Treasury Secretary Scott Bessent criticised Europe for prioritising a trade deal with India over Ukraine, accusing the EU of indirectly funding Russia's war through energy trade. He said the US has made bigger sacrifices and warned that Europe put commerce ahead of Ukrainian lives.
The long-awaited India-EU Free Trade Agreement (FTA), will mark a major shift in global trade realignment amid rising protectionism, according to a Goldman Sachs report.
A new analysis by the Kiel Institute for the World Economy shows that "deeper EU-India integration could boost bilateral trade by 41 to 65 per cent," significantly expand economic ties between the European Union and India at a time of rising global trade fragmentation.
European Commission President Ursula von der Leyen noted that India-EU ties have never been stronger after both sides finalised a landmark Free Trade Agreement and security partnership. Leaders hailed the deal as a boost to trade, strategic cooperation and shared prosperity amid global un
Addressing a banquet held in his honour at Rashtrapati Bhavan on Tuesday, Costa said, "In an increasingly volatile world, our strategic partnership provides major economic and geopolitical weight. I am proud of the outcomes of today's summit. We have delivered tangible progress and set an
German Foreign Minister Johann Wadephul welcomed the EU-India Free Trade Agreement (FTA), calling it a significant step toward strengthening bilateral ties and supporting global commerce.
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.
Speaking to ANI, he said, "I believe it will still take some time until the legal scrapping is completed, and we have all the details of the agreement. However, we anticipate that trade and investment will increase significantly, as both sides currently face tariffs and non-tariff barriers t
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.
Noting that the European Union and India are committed to acting together as anchors of stability in an increasingly fragmented and multipolar world, European Council President Antonio Costa has said that the EU-India Free Trade Agreement is a crucial geopolitical stabilizer.
European Council President Antonio Costa showed his overseas Indian card during the joint press meet here in the national capital on Tuesday and underlined how the conclusion of negotiations holds a special meaning for him.
Through the official X post, he said, " After a year of tireless engagement and more than a decade in the making, we've delivered the biggest FTA ever. High tariffs down, opportunity unleashed. Proof that a win-win trade is real and that a genuine partnership, like with Minister @PiyushGoyal