How Did PM Modi Thank European Leaders for the 'Mother of All Deals'?
Synopsis
On January 27, PM Modi celebrated the historic India-EU Free Trade Agreement, thanking European leaders for their significant contributions. This groundbreaking deal aims to enhance economic ties and create new opportunities, marking a pivotal moment for India and Europe. Discover how this agreement could reshape trade dynamics and foster mutual growth.
Key Takeaways
Strengthened Economic Ties: The FTA enhances trade relations between India and Europe.
New Opportunities: The agreement opens pathways for business growth and investment.
Market Access: Over 99% of India’s exports will receive unprecedented market access.
Shared Values: The agreement reflects mutual commitment to peace and stability.
Collaborative Growth: The FTA holds promise for both parties to emerge as significant economic partners.
New Delhi, Jan 27 (NationPress) Prime Minister Narendra Modi expressed his gratitude to European leaders on Tuesday, emphasizing the completion of the India-EU Free Trade Agreement (FTA) as a pivotal achievement in bilateral relations. He acknowledged the constructive spirit and dedication of European leaders over the years that made this milestone possible.
In a post on X, PM Modi stated, "This agreement will deepen economic ties, create opportunities for our people, and strengthen the India-Europe partnership for a prosperous future." He added that the FTA opens new avenues for growth, investment, and strategic collaboration.
During a joint press conference at Hyderabad House, PM Modi declared the signing of the FTA, highlighting that this landmark partnership between two significant economies will provide new prospects for businesses, consumers, and the skilled workforce.
He emphasized that the agreement embodies the increasing trust, shared values, and mutual commitment to peace, stability, and cooperation amid a volatile global landscape.
As per Commerce and Industry Minister Piyush Goyal, the 16th India-EU Summit will be historically noted as the occasion when the world’s fourth and second-largest economies united to forge a new chapter in global trade.
Goyal stated, "The agreement will unlock opportunities across sectors, benefiting businesses and people, thus contributing to growth and prosperity on both sides."
With a combined market valued at over Rs 2,091.6 lakh crore ($24 trillion), the FTA presents unparalleled prospects for the 2 billion citizens of India and the EU, unlocking vast potential for trade and innovation.
The FTA ensures unprecedented market access for over 99 percent of India’s exports by trade value, while safeguarding policy space for sensitive sectors and reinforcing India’s developmental priorities, according to government sources.
The government noted that despite significant growth in trade, there remains a considerable untapped potential given the scale of each other’s markets. The FTA provides an unmatched pathway and holds immense promise for both India and the EU to emerge as primary economic partners.
Point of View
It's crucial to highlight the significance of the India-EU Free Trade Agreement. This milestone not only reinforces bilateral relations but also positions both India and Europe as formidable economic partners in a globalized world. The agreement reflects shared values and cooperative spirit, aiming for mutual growth and stability.
NationPress
2 May 2026
Frequently Asked Questions
What is the significance of the India-EU Free Trade Agreement?
The India-EU Free Trade Agreement is significant as it enhances economic relations, opens new markets, and creates opportunities for businesses and consumers on both sides.
Who did PM Modi thank for the FTA?
PM Modi expressed gratitude to European leaders for their constructive spirit and commitment that facilitated the completion of the FTA.
What potential does the FTA unlock?
The FTA unlocks significant potential for trade and innovation, providing market access for over 99% of India’s exports and benefiting two billion people.
