Fashion
India-EU FTA to be implemented by 2026 end: European Commission prez
The moment will be marked by a large-scale business event for European and Indian companies, she said while addressing the European Round Table for Industry (ERT) in Gothenburg, Scandinavia’s largest trading port, yesterday.
European Commission President Ursula von der Leyen recently vowed to implement the India-EU FTA by 2026 end, announcing to make the deal ‘fully operational at record speed’.
The moment will be marked by a business event for European and Indian firms, she said in Gothenburg.
Indian PM Modi invited European industry leaders to partner with India in digital infrastructure, AI and clean energy.
The event was also attended by Swedish Prime Minister Kristersson and Indian Prime Minister Narendra Modi.
“But trade is only half the equation. Our next step must be to deliver an investment agreement. This is the missing piece of the puzzle in our reinforced economic cooperation, especially in a world where supply chains are being reshaped, and economic security challenges us as never before. Deepening our investment ties will help us to de-risk and diversify,” she said.
Modi invited European industry leaders to partner with India in areas like digital infrastructure, artificial intelligence, deep tech manufacturing, green transition and clean energy. He suggested holding the ERT annually and create an India desk there.
Fibre2Fashion News Desk (DS)