US Edition'I'm from Goa': Costa cites his Indian roots, calls new pact most ambitious FTA ever concluded'
The FTA covers 90% of goods tariffs, aims to deepen economic and strategic ties, and is hailed as the EU's most ambitious trade pact, representing 25% of global GDP.
- On January 27, 2026, India and the European Union signed their most ambitious FTA in New Delhi, with António Costa, Ursula von der Leyen, and Prime Minister Narendra Modi present as leaders hailed it the 'mother of all deals.'
- Strategic motives drove the negotiation, with leaders saying the pact aims to deepen trade, manufacturing and services cooperation, diversify export destinations, and attract foreign direct investment between India and the European Union.
- Concrete trade terms include tariff cuts on over 90% of traded goods, European liquor duties reduced to 40 per cent, and luxury car duties dropping from 110 per cent to 10 per cent.
- The agreement will immediately boost investment and job creation, ease market access for Indian exporters , and includes a security and defence pact with mobility of Indian talent to Europe, making India the third Asian nation in such defence ties.
- Highlighting his roots, António Costa produced his Overseas Citizen of India card and said, `I am from Goa,` showing his deep personal ties to the pact.
74 Articles
74 Articles
India's Trade Triumph: A New Era with the EU
India's Trade Triumph: A New Era with the EU In a landmark development, India has emerged triumphant in a crucial trade deal with the European Union, as highlighted by US Trade Representative Jamieson Greer. The agreement, described as the 'mother of all deals,' promises to grant India broader market access in Europe.The deal includes provisions for increased mobility of Indian workers to the EU, aligning with President Ursula von der Leyen's vi…
Daily Journal
Greenland blues to Delhi red carpet: EU finds solace in India
Presiding over the signing of a major trade deal alongside Indian Prime Minister Narendra Modi on Tuesday, EU chief Ursula von der Leyen broke into a large smile.
'Very proud of ancestral roots in Goa': European Council chief Antonio Costa flaunts OCI card—watch
European Council President Antonio Costa expressed pride in his Goan roots, highlighting his personal connection to India as the EU and India concluded an ambitious free trade agreement. This historic moment marks a new chapter in their relations, strengthening ties in trade, security, and ...
'Geopolitical momentum': Is EU-India deal a challenge to great powers wielding 'imperialist policy'?
Nadia Massih is pleased to welcome Dr. Tobias Scholz, Asia Associate in the Research Cluster of Cybersecurity and Digital Policy at the German Institute for International and Security Affairs.After nearly two decades of on-again, off-again negotiations, the EU-India trade agreement has been signed and is awaiting ratification in a shifting geopolitical landscape. As Dr. Tobias Schultt explains, Russia’s war on Ukraine, the rise of economic prote…
Strategic partnership provides major economic and geopolitical weight: European Council President Antonio Costa on India-EU ties - The Tribune
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 example of cooperative leadership on global issues with a free trade agreement, Security and Defence Partnership and the Joint Strategic Agenda to 2030.'
India And EU Finalize Historic Free Trade Agreement After Two Decades Of Talks
by Stefan J. Bos, Worthy News Chief International Correspondent NEW DELHI (Worthy News) – India and the European Union have finalized a historic free trade agreement after nearly two decades of negotiations, leaders said Tuesday, in a pact set to reshape global commerce amid rising economic uncertainty and strained ties with the United States. Indian Prime Minister Narendra Modi hailed the accord as transformative, saying it would open significa…
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