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The India-EU Free Trade Agreement, set for completion, aims to boost trade and cooperation in key sectors.
The India-EU Free Trade Agreement, nearing completion, is expected to strengthen the strategic partnership between India and Italy, with Italian Ambassador Antonio Bartoli highlighting its potential to boost trade, already at $136.53 billion in 2024-25.
The FTA aims to enhance market access for goods, services, and investment, with India seeking zero-duty access for labor-intensive sectors like textiles and handicrafts, while including safeguards for farmers and MSMEs.
Cooperation spans defense, space, connectivity, innovation, energy, and manufacturing under a five-year action plan targeting €20 billion in trade.
Italy’s industrial expertise complements India’s manufacturing ambitions.
The 16th EU-India Summit, with EU leaders attending on January 27, will advance these efforts.
El Acuerdo de Libre Comercio entre la India y la UE, que está a punto de completarse, tiene como objetivo impulsar el comercio y la cooperación en sectores clave.