New Delhi [India], January 27 (ANI): European Commission President Ursula von der Leyen mentioned that India and the European Union have concluded the much-anticipated free commerce settlement, touted because the ‘Mother of all Deals’.
In a publish on X on Tuesday she referred to as the second historic and expressed optimism on additional strengthening the strategic relationship.
She mentioned, ‘Europe and India are making historical past right this moment. We have concluded the mom of all offers.We have created a free commerce zone of two billion individuals, with either side set to learn. This is simply the start. We will develop our strategic relationship to be even stronger.’
https://x.com/vonderleyen/status/2016039782439129113?s=20
Union Commerce Minister described the settlement as ‘A formidable partnership for the world.’
On Tuesday, Prime Minister Narendra Modi met President of the European Council, Antonio Luis Santos da Costa and President of the European Commission, Ursula Von Der Leyen right here within the nationwide capital. The leaders held a bilateral assembly which passed off at Hyderabad House, with EU High Representative for Foreign Affairs and Security Policy Kaja Kallas additionally in attendance.
The leaders displayed the spirit of bonhomie as they met on the Hyderabad House.
Earlier, the EU leaders paid tribute to the Father of the Nation, Mahatma Gandhi, by laying a wreath at his memorial in Raj Ghat, as a part of their state go to to India.
The ceremony, held within the presence of senior Indian officers, was a part of their ongoing state go to and coincided with the sixteenth India-EU Summit in New Delhi, which will probably be co-hosted by Prime Minister Narendra Modi.
The European leaders additionally signed the guestbook on the memorial web site after the wreath-laying ceremony and paid floral tributes to the Mahatma.
European Council President Antonio Costa shared visuals from his go to to Rajghat and mirrored upon the timeless values of Mahatma Gandhi. He mentioned, ‘Paying tribute to Mahatma Gandhi. His phrases proceed to resonate with the identical pressure right this moment as up to now: ‘Peace is not going to come out of a conflict of arms however out of justice lived and accomplished by unarmed nations within the face of odds.’
The go to comes at a time when either side have concluded their dialogue of a free commerce settlement, which is anticipated to strengthen their shared dedication to democracy and the rule of regulation.
On Tuesday, Prime Minister Narendra Modi hailed the India-EU Free Trade Agreement, reiterating it because the ‘Mother of all offers’ and the way it illustrates the partnership between two main economies of the world. The deal turns into important because it hyperlinks two main economies that command 1 / 4 of the world’s GDP.
PM Modi made the remarks whereas just about addressing the Opening Ceremony of India Energy Week 2026.
He added that the free commerce settlement with the EU will complement present agreements with the United Kingdom and members of the European Free Trade Association (EFTA).
Extending his congratulations to these related to totally different sectors, the Prime Minister mentioned the settlement can be extremely useful for business stakeholders. He added that the commerce deal would have a constructive influence on each manufacturing and providers within the nation.
Emphasising the broader international influence, PM Modi mentioned the FTA would enhance international confidence in India. ‘This Free Trade Agreement will additional strengthen international confidence in India for companies and buyers the world over,’ he mentioned, including that India is actively engaged on international partnerships throughout all sectors.
With the signing of the deal, India turns into the third Asian nation to have such a take care of the EU after Japan and South Korea. (ANI)