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On this Special Report, the focus is on Prime Minister Narendra Modi's address regarding the landmark Free Trade Agreement (FTA) between India and the European Union. Speaking at the India-EU Business Forum, the Prime Minister highlighted the 'unprecedented alignment' between the two democratic powers. Narendra Modi stated, 'This will give India's labour-intensive industries easy access to the European Union market,' specifically noting benefits for textiles, gems, and engineering goods. He urged the business community to reduce external dependencies in critical sectors like EVs, chips, and APIs by building trusted supply chains. The Prime Minister also called for deeper cooperation in defense, space, and green hydrogen to ensure a sustainable future. Emphasising the role of the private sector, he noted that the trade volume has doubled to 180 billion Euros over the last decade, positioning the partnership as a global growth engine.
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India-EU FTA: 'Landmark Agreement' to Boost MSMEs and Labour-Intensive Sectors
This news bulletin explores the significant impact of the India-European Union (EU) Free Trade Agreement (FTA) on the Indian economy. Industry body CII has hailed the pact as a 'landmark agreement' that is expected to deliver 'tangible gains for labour intensive sectors and MSMEs'. The report details how sectors such as textiles, leather, and gems and jewellery will gain duty-free access to 27 European markets, potentially providing a 6.4 lakh crore export boost. Crucially, the agreement protects India's sensitive dairy and agricultural sectors to safeguard farmers' interests. Beyond trade, the bulletin highlights a historic shift as the two entities launch their first-ever security and defence partnership, focusing on maritime security, counter-terrorism, and cyber threats. The programme further breaks down state-wise benefits, noting how industrial hubs like Gujarat, Maharashtra, and Tamil Nadu stand to gain from increased electronics and engineering exports while strengthening strategic resilience through a trust-based platform for cooperation.
Antonio Costa Hails 'Mother Of All Deals' As India And EU Ink Historic Free Trade Pact
On this special report, the focus is on the historic Free Trade Agreement (FTA) signed between India and the European Union. Prime Minister Narendra Modi hailed the pact as the 'biggest ever free trade pact', noting it will provide Indian small industries greater access to European markets and stabilize the global order. European Council President Antonio Costa, who expressed pride in his Indian roots from Goa, described the agreement as the 'mother of all deals,' creating a market of 2 billion people. European Commission President Ursula von der Leyen emphasized that the deal would cut approximately 4 billion euros in annual tariffs, strengthening global supply chains and manufacturing power. The leaders highlighted that this win-win partnership between the world's second and fourth largest economies serves as a blueprint for joint prosperity and a resilient international system amidst global turbulence.
Aishwarya Paliwal On S. Jaishankar Hailing India-EU Trade Deal To De-Risk Global Order
On this Special Report, India Today's Aishwarya Paliwal provides an in-depth analysis of External Affairs Minister S. Jaishankar's endorsement of the landmark India-EU trade deal. Reporting on the significance of the agreement, Paliwal highlights the Minister's view that the 'India-EU summit is to strengthen the multipolarity and help de-risk the global order.' The transcript details how the Free Trade Agreement (FTA), along with security, defence, and mobility partnerships, forms the foundation for a deeper strategic relationship. Paliwal explains that both India and the European Union identified a critical need for a broader framework and newer, solid markets amidst global shifts. The discussion also touches upon the collaborative efforts between India and European nations regarding the situation in Ukraine, emphasizing a shared commitment to global peace and stability. This report underscores the diplomatic and economic milestones achieved through the comprehensive framework of cooperation signed between the two major powers.
PM Narendra Modi and EU's Ursula von der Leyen Attend India-EU Business Forum
On this Special Report, India Today’s Aishwarya Chetan and Business Today’s Chetan Bhutani analyze the landmark India-EU Free Trade Agreement (FTA) following a high-level meeting at Bharat Mandapam. Aishwarya Chetan describes the pact as the 'mother of all deals,' noting that it serves as a 'safe mechanism' against global trade volatility and tariff pressures. The discussion highlights that while the agreement has been concluded, full implementation is expected by early 2027. Chetan Bhutani outlines the key sectors set to benefit, including banking, finance, shipping, and the food and beverage industry, while noting that dairy and agriculture remain protected for India. The forum, attended by Prime Minister Narendra Modi and European Commission President Ursula von der Leyen, aims to facilitate smooth implementation by engaging private enterprises and reducing red tape. The reporters emphasize that the partnership strengthens India’s position as a primary trading partner alongside the US, providing economic stability amidst shifting global orders.
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