Will Italy's Deputy PM Propel Early EU Free Trade Agreement with India?
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Synopsis
Italy's Deputy Prime Minister, Antonio Tajani, has confirmed the nation's strong support for a swift conclusion of the Free Trade Agreement with India. Amidst ongoing discussions on global issues, Tajani emphasizes the strategic partnership between Italy and India, hinting at a promising future for bilateral trade and cooperation.
Key Takeaways
- Italy is committed to supporting a swift Free Trade Agreement with India.
- The partnership between Italy and India is politically and economically strategic.
- A financial commitment of 500 million euros has been made to support exporting companies.
- Discussions on global issues highlight the importance of bilateral relations.
- The India-UK Vision 2035 aims to strengthen ties further.
New York, Sep 26 (NationPress) Italy’s Deputy Prime Minister Antonio Tajani has expressed that his nation is in favor of an expedited conclusion to the Free Trade Agreement between India and the European Union.
Following a meeting on Thursday with External Affairs Minister S Jaishankar and Commerce Minister Piyush Goyal, he stated on X, “I reaffirmed Italy's commitment to a swift finalization of the Free Trade Agreement.”
He added, “Italy and India maintain a strategic partnership, both politically and economically, which we aim to enhance with my forthcoming visit to India in the coming months.”
“India is a priority country in our #PianoExport,” he remarked, using the Italian term 'piano' meaning 'plan'.
“This is why I announced the ‘India’ measure (commitment) of 500 million euros to bolster our exporting firms,” he further mentioned.
Jaishankar later tweeted, “We analyzed the developments in the Mediterranean, Middle East, Ukraine, and Indo-Pacific. We also reviewed the progress in our bilateral relations.”
Among the dignitaries he met on Thursday was Yvette Cooper, who recently took on the role of British Foreign Secretary following a Cabinet reshuffle this month.
He indicated that discussions were held regarding the follow-up from Prime Minister Narendra Modi's visit to Britain in July, during which the India-UK Vision 2035 was unveiled.
This vision serves as a ten-year roadmap for collaboration between the nations, alongside their Comprehensive Economic and Trade Agreement.
The framework addresses Defence cooperation, job creation, the development of advanced technologies, and educational partnerships.
EAM Jaishankar also engaged with Foreign Ministers including Penny Wong of Australia, Carlos Ramiro Martínez of Guatemala, Badr Abdelatty of Egypt, Mohamad Haji Hasan of Malaysia, Arnoldo André of Costa Rica, and Javier Martínez-Acha Vásquez of Panama.
Point of View
It is essential to recognize the growing significance of international trade agreements in shaping economic landscapes. Italy's commitment to the Free Trade Agreement with India reflects a forward-thinking approach that prioritizes strategic partnerships. Such initiatives can bolster economic growth and strengthen diplomatic ties, ultimately benefiting both nations.
NationPress
26/09/2025
Frequently Asked Questions
What is the Free Trade Agreement between India and the EU?
The Free Trade Agreement aims to eliminate tariffs and facilitate smoother trade between India and the EU, fostering economic cooperation.
Why is Italy's support significant?
Italy's backing highlights the importance of European nations in promoting trade relations with India, which is a key market for growth.
What are the expected benefits of this agreement?
The agreement is expected to enhance trade, create jobs, and promote investment opportunities between the two regions.
How does this agreement impact other countries?
It sets a precedent for similar agreements, influencing trade policies and economic collaborations globally.
What is the timeline for finalizing the agreement?
While specific timelines are not set, both parties are motivated to expedite discussions and reach a conclusion soon.
