India-EU FTA shields against arbitrary tariffs, says Belgium PM De Wever in Mumbai

Share:
Audio Loading voice…
India-EU FTA shields against arbitrary tariffs, says Belgium PM De Wever in Mumbai

Synopsis

Belgian PM Bart De Wever, speaking in Mumbai without naming Donald Trump, called the India-EU FTA 'the mother of all deals' — a pact covering two billion consumers and a quarter of the world economy. His message was pointed: open economies must stand together against arbitrary, economically illogical tariff decisions. A Belgian business delegation is already confirmed for India in February 2027.

Key Takeaways

Belgian Prime Minister Bart De Wever addressed a high-level India-Belgium dialogue in Mumbai on 4 September , calling the India-EU FTA a structural buffer against arbitrary tariffs.
De Wever described the FTA as covering two billion consumers and roughly a quarter of the world economy , calling it 'the mother of all deals.' Union Minister Piyush Goyal said the agreement took 25 years to finalise and has unanimous backing from all 27 EU member states .
Maharashtra CM Devendra Fadnavis invited Belgian companies to invest in Maharashtra, pledging dedicated government teams to fast-track projects.
A full Belgian port and industry delegation is confirmed to visit India in February 2027 to finalise actionable commitments.

Belgian Prime Minister Bart De Wever on Friday, 4 September declared that the India-European Union Free Trade Agreement (FTA) makes both economies resilient against disruption and coercion, delivering a pointed — if unnamed — rebuke of unilateral tariff decisions that have rattled global trade. Speaking in Mumbai at a high-level India-Belgium dialogue on the India-EU FTA, De Wever called the agreement 'the mother of all deals' and a cornerstone of strategic trust between two of the world's largest economic blocs.

A Veiled Warning to Arbitrary Tariff-Setters

Without naming any country or leader directly, De Wever made his target unmistakable. 'Ladies and gentlemen, more and more voices today are calling for barriers to go up, for markets to be shut off, for tariffs to be imposed. Some do this entirely arbitrarily. They decide something on Monday, they revoke it on Wednesday. I am not going to say the name, but you know these people who do it arbitrarily, without any economic logic at all,' he said.

The remarks came against the backdrop of sweeping tariff actions by the United States under President Donald Trump, which have unsettled supply chains across Asia and Europe. De Wever stressed that open, mid-sized trading economies like Belgium and rapidly expanding powerhouses like India cannot afford economic isolation or what he termed 'weaponised trade barriers'.

The India-EU FTA: Scale and Significance

De Wever described the India-EU FTA — concluded in January — as one of the most far-reaching trade agreements in history, covering a combined market of two billion consumers and representing roughly a quarter of the world economy. He called it 'an expression of strategic openness' and 'proof of mutual respect'.

'We are sailing through rough waters. But India and Europe, we have made a choice to be that diamond; we choose another course. If we are pressured, we are pressured together, and we choose partnership,' he said, echoing a diamond-under-pressure metaphor earlier used by Union Minister Piyush Goyal.

De Wever also praised Prime Minister Narendra Modi, calling him 'a wise leader and one of the most inspiring world leaders.'

What the Government Said

Union Minister Piyush Goyal, who was present at the dialogue, described the India-EU FTA as a 'win-win agreement' that took 25 years to finalise. 'It will open opportunities for farmers, start-ups, women entrepreneurs; it has something for everyone. It's been deftly negotiated, protecting sensitive sectors on both sides. There is not one murmur on the India-EU FTA. All 27 countries are on board, supportive and unanimous about the FTA, which is rare,' Goyal said.

Goyal added that India and Belgium face a choice between being 'swept by the chaos' or building trust and cooperation, and that both nations had chosen the latter path.

Maharashtra Bids for First-Mover Advantage

Maharashtra Chief Minister Devendra Fadnavis, also present at the event, issued a direct invitation to Belgian businesses. 'If Belgian companies are looking at India for investment after the FTA, look and come to Maharashtra. We have a manufacturing ecosystem. This should become a template for Belgium-Maharashtra partnerships,' he said.

Fadnavis stated that Maharashtra aims to be the first Indian state to translate the FTA into on-ground action, offering dedicated government teams to fast-track Belgian projects. He framed the state as the 'principal engine' of India's growth story and its ambition to reach a trillion-dollar economy.

Belgian Business Mission Planned for 2027

De Wever announced that a full delegation from the Belgian port community — covering terminals, logistics, chemistry, and energy — will visit India in February 2027. 'We are not going to discuss what we might do; we are going to agree on what we are going to do,' he said, signalling a shift from dialogue to binding commitments.

The event was jointly organised by Port of Antwerp-Bruges, the Chancellery of the Belgian Prime Minister, FPS Foreign Affairs, Flanders Investment & Trade, and the Consulate-General of Belgium in Mumbai. With both sides now targeting sector-specific action plans, the coming months will test whether the FTA's strategic ambition translates into measurable trade and investment flows.

Point of View

Not Brussels or New Delhi, to make this argument, signalling that the India-EU FTA is now a live geopolitical instrument, not merely a trade document. The 25-year negotiation timeline is a reminder of how hard multilateral deals are to close; the fact that all 27 EU members are on board is genuinely rare. The real question is implementation: Maharashtra's first-mover pitch is smart politics, but converting strategic alignment into factory floors and port contracts requires regulatory speed that India has historically struggled to deliver. The February 2027 Belgian business mission will be an early stress test.
NationPress
4 Sept 2026

Frequently Asked Questions

What is the India-EU Free Trade Agreement?
The India-EU Free Trade Agreement is a comprehensive trade pact concluded in January between India and the 27-member European Union, covering a combined market of two billion consumers and approximately a quarter of the world economy. It is designed to open markets for goods, services, and investment while protecting sensitive sectors on both sides.
Why did Belgian PM De Wever speak about arbitrary tariffs without naming anyone?
De Wever was widely understood to be referring to tariff actions by the United States under President Donald Trump, which have disrupted global supply chains. He chose not to name the country directly, instead describing decision-makers who 'decide something on Monday and revoke it on Wednesday' with no economic logic.
What did Union Minister Piyush Goyal say about the India-EU FTA?
Goyal called the India-EU FTA a 'win-win agreement' that took 25 years to negotiate and has unanimous support from all 27 EU member states, which he described as rare. He said it opens opportunities for farmers, start-ups, and women entrepreneurs, and protects sensitive sectors on both sides.
What is Maharashtra's role in the India-EU FTA?
Maharashtra Chief Minister Devendra Fadnavis positioned the state as the primary destination for Belgian and European investment post-FTA, inviting companies to set up manufacturing operations there. He pledged dedicated government teams to fast-track Belgian projects and said Maharashtra wants to be the first Indian state to convert the FTA into tangible action.
When will the Belgian business delegation visit India?
Belgian PM De Wever announced that a full delegation from the Belgian port community — covering terminals, logistics, chemistry, and energy sectors — will visit India in February 2027 to finalise specific commitments rather than hold exploratory discussions.
Nation Press
The Trail

Connected Dots

Tracing the thread behind this story — newest first.

8 Dots
  1. Latest 3 hours ago
  2. 7 hours ago
  3. Yesterday
  4. Yesterday
  5. 4 days ago
  6. 7 months ago
  7. 11 months ago
  8. 11 months ago
Google Prefer NP
On Google