Modi to visit Brussels in December to sign India-EU FTA: European Council chief
Synopsis
Key Takeaways
Prime Minister Narendra Modi is set to visit Brussels in December 2026 to formally sign the India-European Union Free Trade Agreement (India-EU FTA), European Council President Antonio Costa confirmed on Thursday, 30 October. The announcement marks a significant milestone in India-EU economic relations, with the pact projected to cover a market of more than two billion people and represent roughly a quarter of the global economy.
Costa's Confirmation and Timeline
Antonio Costa, speaking at an event organised by the Montreal Council on Foreign Relations in Canada, stated: 'Prime Minister Modi will come in December to sign the deal.' The visit is expected shortly before a meeting of European leaders in Brussels scheduled to begin on 17 December. Costa was in Montreal for a two-day EU-Canada summit focused on strengthening bilateral ties when he made the remarks.
When the FTA Could Take Effect
Commerce Minister Piyush Goyal said last week that the India-EU free trade agreement could become operational within four to five months after it is formally signed. The conclusion of negotiations was announced jointly by Prime Minister Modi and European Commission President Ursula von der Leyen during the European leaders' visit to India earlier this year — a moment described as a historic milestone in India-EU engagement.
Scale of the Deal
The agreement is one of the most expansive trade pacts India has negotiated. India has reportedly secured market access for more than 99 per cent of Indian exports by trade value to the EU, providing direct support to the government's 'Make in India' initiative. Beyond goods, the FTA unlocks high-value commitments in services and includes a comprehensive mobility framework designed to facilitate the movement of skilled Indian professionals to EU member states.
In 2024-25, India's bilateral trade in goods with the EU stood at ₹11.5 lakh crore ($136.54 billion), with exports worth ₹6.4 lakh crore ($75.85 billion) and imports amounting to ₹5.1 lakh crore ($60.68 billion). India-EU trade in services reached ₹7.2 lakh crore ($83.10 billion) in 2024.
Strategic and Economic Context
India and the EU are the 4th and 2nd largest economies respectively, together comprising 25 per cent of global GDP and accounting for one-third of global trade. The EU is one of India's largest trading partners, with bilateral goods and services trade expanding steadily over recent years. Analysts note that beyond conventional market access, the deal carries strategic dimensions — cementing India and the EU as partners committed to open markets, predictability, and inclusive growth at a time of significant global trade uncertainty.
This comes amid broader geopolitical realignments, with both blocs seeking to diversify supply chains and reduce dependence on single dominant trade partners. The formal signing in Brussels is expected to set the stage for ratification processes in EU member states and the Indian Parliament.