India-EU Trade Pact Moves Closer as All Member States Sign On
What Happened
Commerce Minister Piyush Goyal said all 27 European Union member states support the India-EU Free Trade Agreement (FTA) and want formalities completed for its early implementation. Speaking at the India-Belgium High-Level Dialogue, Goyal said the deal has broad backing on both sides and could come into force in Q1 2027 after ratification.
Key Takeaways
Unanimous support from all EU nations is a major boost for one of India’s biggest trade agreements. The pact is expected to improve market access, reduce tariffs and strengthen India’s economic ties with Europe at a time of rising global trade tensions.