US Edition'I'm from Goa': Costa cites his Indian roots, calls new pact most ambitious FTA ever concluded'
The FTA will cut tariffs on over 90% of goods, boost Indian exports, and deepen security ties, marking a major step in India-EU economic and strategic relations.
- India and the European Union sealed a free trade agreement on Tuesday, January 27, 2026, unveiled by Prime Minister Narendra Modi and EU leaders António Costa and Ursula von der Leyen in New Delhi.
- After long-running talks launched in 2007 and relaunched in 2022, negotiations concluded on Monday to deepen trade and investment ties while diversifying exports away from volatile markets like China.
- The pact will cut tariffs on over 90% of traded goods, with trade between India and the EU at 180 billion euros, expanding market access for investors and businesses.
- Alongside the FTA, the partners also inked a Security and Defence Partnership and a mobility agreement for Indian talent, while Indian exporters in textiles, leather, gems & jewellery, chemicals, pharmaceuticals will gain easier entry into Europe.
- Costa recalled his roots in Goa and showed his Overseas Citizen of India card, highlighting the pact's special meaning as EU leaders joined Republic Day celebrations on Monday.
51 Articles
51 Articles
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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…
António Costa’s India connection: How a Goan-origin European Council head just delivered mega EU free trade deal
Speaking at a joint press conference with European Commission President Ursula von der Leyen and Prime Minister Narendra Modi, European Council President António Costa stressed on both the strategic and personal significance of the agreement.
The Indian Prime Minister, Narendra Modi, and the representatives of the European Union concluded on Tuesday 27 January a trade agreement after almost twenty years of intermittent negotiations.
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