Prime Minister Narendra Modi and European Commission President Ursula von der Leyen have set a goal to finalize the India-EU Free Trade Agreement by 2025. Their discussions included plans for cooperation in defense, security, AI, and technology, with a commitment to address outstanding issues that have stalled past negotiations.
On a notable visit to India, European Commission President Ursula von der Leyen, accompanied by 22 members of the EU College of Commissioners, and Prime Minister Narendra Modi have committed to finalizing the India-EU Free Trade Agreement (FTA) by the end of 2025. This initiative comes amidst shifting geoeconomic dynamics caused by trade policies from the United States. The leaders also proposed collaborative endeavors in security, defense, and advanced technologies such as artificial intelligence (AI) and digital infrastructure.
In closing, the commitment from both Prime Minister Modi and President von der Leyen to conclude the India-EU Free Trade Agreement within the next two years signals a significant step towards enhanced economic cooperation. Both sides aim to address various challenging issues, indicating a strong political commitment to overcome barriers and realize potential mutual benefits. This FTA is envisioned to reshape the economic landscape as India and the EU respond strategically to global trade dynamics.
Original Source: www.hindustantimes.com
