Von der Leyen Hails India-EU Free Trade Agreement as Strategic Leap, Reveals New Industrial 'Blue Valleys' Initiative
European Commission President Ursula von der Leyen on Saturday described the newly concluded India-European Union Free Trade Agreement (FTA) as a “strategic choice” that will create one of the world’s largest trading zones, combining two economic blocs representing 2 billion people and 25% of global GDP. Image Source: Indian PM NaMo Speaking at the EU-India Business Forum alongside Indian Prime Minister Narendra Modi and Commerce Minister Piyush Goyal, von der Leyen called the agreement a “new era” for global trade that prioritizes “cooperation over fragmentation.” The FTA, which will lower tariffs, simplify customs processes, and provide stable market access, comes after nearly two decades of negotiations and is expected to unlock significant economic opportunities for both sides. “European companies already employ more than 3 million people in India. In ten years, trade in goods between Europe and India has nearly doubled to €120 billion. Now this agreement will unleash ev...