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.
Reuben Gauci, High Commissioner of Malta to India, lauded the India-European Union (EU) Free Trade Agreement (FTA), calling it the "mother of all deals" and highlighting its potential to expand trade and investment between India and the EU.
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.
Commerce and Industry Minister Piyush Goyal has said that the India-EU Free Trade Agreement, which was finalized on Tuesday, will be taken up for legal scrubbing on a fast-track basis and expressed hope that the agreement will come into force later this year.
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
On Tuesday, he said, "We are very positive about today. I have not yet seen the details... but this is something we really wanted to see... Ireland, as a small country, knows the importance of trade agreements... From being one of the poorest countries in Europe, we became the wealthiest
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.
Indian textile industry is set to benefit from the India-EU FTA with exports and has potential to grow from USD 7 billion to USD 30-40 billion very quickly, Union Minister of Commerce and Industry Piyush Goyal said on Tuesday, noting that this could generate 6-7 million jobs in the labour
Highlighting the scale of trade between India and the EU, he said, "The total trade between India and EU -- all countries put together -- is $220 billion in goods and services put together, out of which $135 billion on goods and the remaining are in services. Both areas are covered very well
India and the EU finalizing FTA and agreeing to key initiatives across several domains is a statement of deep partnership and the strategic intent of the two sides coming together in a multitude of areas to strengthen partnership, Union Commerce and Industry Minister Piyush Goyal said on
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.