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India and EU agree to conclude a long-pending free trade agreement by the end of this year

The European Commission chief, Ursula von der Leyen, confirmed that the EU and India aim to finalize a long-pending free trade agreement this year during her visit to India.
India and the EU relaunched negotiations on the agreement in 2021, with the next round planned for March.
The EU is India's largest trading partner, with bilateral trade reaching over $135 billion in 2022-2023, nearly doubling in the last decade.
Von der Leyen emphasized the importance of strong trade relations, stating, 'You need trusted friends. For Europe, India is such a friend and a strategic ally.

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