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India and the European Union person completed negotiations connected a escaped commercialized trade agreement, Commerce Secretary Rajesh Agrawal confirmed connected Monday (January 26, 2026). He said that the woody would beryllium announced by the leaders of India and the EU connected Tuesday (January 27, 2026).
Commerce and Industry Minister Piyush Goyal has precocious referred to the FTA arsenic the “mother of each deals”.
Mr. Agrawal said that the FTA was a “balanced, forward-looking woody that would propel commercialized and deeper economical integration betwixt the 2 sides”.
Separately, sources successful the Commerce Ministry said that negotiations concluded connected Friday (January 23, 2026) and that the woody was approved by some sides connected Saturday (January 24, 2026).
“Negotiations connected the woody are completed. The leaders of some sides volition time motion a papers signifying the closure of negotiations,” Mr. Agrawal said connected Monday (January 26, 2026). “The ineligible scrubbing of the connection volition instrumentality spot aft this.”
Sources besides said that this would beryllium “one of the biggest” bilateral deals successful the satellite since the countries successful the EU acts arsenic a azygous customs bloc, dissimilar different groupings specified arsenic the Association of Southeast Asian Nations, successful which each state sets its ain customs duties.
India saw a full merchandise commercialized with the EU worthy $136.5 cardinal successful the fiscal twelvemonth 2024-25, up 0.9% implicit the erstwhile year. However, wrong this, India’s exports to the grouping contracted 0.1% portion imports grew 2.2%.
Sources accidental that the FTA would assistance Indian exporters rebalance this commercialized arsenic it entails respective concessions for Indian goods.
