India-EU Summit 2026 Live ‘We did it,’ EU’s Ursula von der Leyen to PM Modi on historic pact that ‘benefits 2 bn’| India News

India-EU Summit 2026 Live: Following the historic India-EU trade deal, EU Commission President, Ursula von der Leyen, said the pact was a tale of “two giants” referring to EU and India as world’s second and fourth largest economies, “who chose partnership, in a true win-win fashion.” She also said it sends “a strong message that cooperation is the best answer to global challenges.”

India-EU Summit 2026 Live: The historic India-EU tarde deal has removed tariff on Indian textile and leather exports to the European Union which is a significant relief to the sectors battered by 50% import duty imposed by the US. The tariff on textile, apparel and Clothing has been slashed to 0% from earlier 12%. Similarly, for leather and footwear, the tariff has been slashed from 17% to 0%. Read how the trade deal will be relief to textile industry battered by US tariffs.

India-EU Summit 2026 Live: As India and EU finalised the Free Trade Agreement in Delhi on Tuesday, a survey by e Federation of European Business in India (FEBI) indicated that over 95% of EU businesses in India plan to expand their operations in India in the next five years, ANI reported. The EU businesses cited domestic sales and latent market demand as the main reasons for their expansion intention. The amounts being earmarked for investment in India are significant at the company level, the survey revealed, per the report.

India-EU Summit 2026 Live: With the India-European Union Free Trade Agreement (FTA), the Indian exports to the EU projected to rise by ₹6.4 lakh crore, officials said. The deal is set to widen market access across sectors, benefiting smaller industry, farmers, students, and skilled professionals by easing tariffs and regulatory barriers. From textiles to jewellery, spices and other eatables, the Indian states are set for some gains with the deal. Click here to see overview of what states gain with the India-EU trade deal

India-EU Summit 2026 Live: Amid all the talks of trade deal and strategic ties between India and the EU, it was a rather light-hearted moment as President of the European Council, António Luís Santos da Costa, flaunted his OIC card at the India-EU Summit and talked about his Indian connection. “I’m the President of the European Council, but I’m also an overseas Indian citizen. Then, as you can imagine, for me it has a special meaning. I’m very proud of my roots in Goa, where my father’s family came from and the connection between Europe and India is something personal to me,” he said.

India-EU Summit 2026 Live: The war in Ukraine was also discussed during the 16th India-EU Summit as the two sides reiterated their support for long-lasting peace in Ukraine that has been pounded by a war with Russia since 2022. “Both sides will continue to support efforts towards the achievement of a comprehensive, just and lasting peace in Ukraine through dialogue and diplomacy, based on the principles of the UN Charter and of international law, including independence, sovereignty and territorial integrity,” ministry of external affairs said in a statement.

India-EU Summit 2026 Live: Leaders of the European Union discussed range of issues with the Indian side as President of the European Council, Antonio Costa, and President of the European Commission, Ursula von der Leyen, are on a state visit to India. They leaders highlighted the importance of an ‘effective’ multilateral system, with the United Nations at its core. “They underlined the necessity of comprehensive reform of the UN Security Council, to make it more representative, inclusive, transparent, efficient, effective, democratic, accountable and reflective of contemporary geopolitical realities,” the ministry of external affairs said in a statement.

India-EU Summit 2026 Live: PM Modi on Tuesday said the India-EU trade deal will “drive trade, investment and innovation while strengthening our strategic relationship.” “It reflects our shared resolve to shape a stable, prosperous and future-ready economic relationship,” he said in a post on X as the two sides signed a key deal that slashes down tariffs on nearly 97% goods imported from Europe.

India-EU Summit 2026 Live: As India and the European Union signed the key trade deal on Tuesday, Prime Minister Narendra Modi called for reforms in international institutions to address contemporary challenges as he cited the growing turmoil in the global order.”Today, there are major turmoils in the global order. In such a situation, the partnership between India and the European Union will strengthen stability in the international system,” Modi said. He said the leaders held detailed discussions on several global and regional issues, including Ukraine, West Asia, and the Indo-Pacific, and reiterated their shared commitment to multilateralism and international norms. “In that context, today we held detailed discussions on several global issues, including Ukraine, West Asia, and the Indo-Pacific. Respect for multilateralism and international norms is our shared priority. We also agree that to address today’s challenges, global institutions need reform,” he added.

via ANI

India-EU Summit 2026 Live: India and the European Union finalised the Free Trade Agreement (FTA). The key deal slashes tariffs on almost 97% of European exports to India, potentially making a range of products such across sectors such as agriculture and automobiles cheaper for Indians going forward. Tariffs on 96.6% of European Union goods exports will be eliminated or reduced under the India-EU trade agreement. For products such as machinery and electrical equipment, aircraft and spacecraft, the tariff has been eliminated entirely. Similarly, processed food like breads, pastries, biscuits, pasta, chocolate and pet food are also under zero tariff now. See full list of what gets cheaper for Indians after the key India-EU trade deal.

India-EU trade deal LIVE: Commerce and industry minister Piyush Goyal on Tuesday said India will get an ‘unprecedented’ market access at concessional duties for over 99%of its exports by value in the European Union (EU) market, providing a boost to domestic labour-intensive sectors after the two sides announced the conclusion of negotiations for the free trade agreement (FTA), news agency PTI reported.

India-EU trade deal LIVE: During the address on Tuesday, European Commission President Ursula von der Leyen said: “Prime Minister, distinguished friend, we did it, we delivered the mother of all deals,” Von Der Leyen said, adding that the agreement would create a market of 2 billion people. Further, she drew similarities between India and the EU and said that they both chose partnership in a “win-win” fashion.

India-EU trade deal LIVE: Before he addressed a joint press conference alongside PM Modi and European Commission President Ursula Von der Leyen, European Council President Antonio Costa made a post on X.

India-EU trade deal LIVE: European Commission President Ursula von der Leyen said India and the EU have decided to be reliable partners, after she thanked leaders in India and heaped praise on the FTA signed.

Beginning the address in New Delhi, European Commission President Ursula von der Leyen, who was one of the chief guests for the Republic Day parade at Kartavya Path, thanked PM Modi for the hospitality. “This is the memory I will carry for lifetime because of the sense of communion was so powerful,” Von der Leyen said. She also said that the EU is glad about India’s growth and progress.

Addressing reporters in Delhi, European Council President Antonio Costa called for a collective partnership with India. “Together we must show leadership on global issues…I am proud of the commitments we’re making for greater cooperation on clean energy and climate resilience,” Costa said.

India-EU trade deal LIVE: PM Modi hailed the beginning of a “new era” as addressed the media after the signing of the historic Free Trade Agreement between India and the US.

India-EU trade deal LIVE: The political declaration of the conclusion of negotiations of the India-EU Free Trade Agreement, the administrative arrangement on cooperation and disaster risk management and the exchange of documents on the constitution of a green hydrogen task force, MoU between the Reserve Bank of India and the European Securities and Market Authority and the Administrative Arrangement on Advanced Electronic Seals and Signatures, were among some key declarations signed in New Delhi.

India-EU trade deal LIVE: Prime Minister Narendra Modi noted a coincidence as he said that India signed a FTA with the European Union, a 27-nation bloc, on January 27.

India-EU trade deal LIVE: Prime Minister Narendra Modi welcomed European leaders Ursula Von der Leyen and Antonio Costa as he began his address for the media.

India-EU trade deal LIVE updates: The EU said that India would reduce tariffs on several daily-use items it imports from Europe. It also said that the tariffs would be cut down to zero in some cases. Here’s a list of those products:

• Olive Oil, margarine and other vegetable oils
• Fruit juices and non-alcoholic beer
• Sheep meat
• Processed food (breads, pastries, biscuits, pasta, chocolate, pet food)

India-EU trade deal LIVE: Under the free trade agreement, India will grant tariff reduction on imports of cars from Europe, reducing duties from 110% to 10% with a quota of 250,000 vehicles a year, the EU said in a release. Read full story here.

India-EU trade deal LIVE: According to the European Union, India has agreed to cut down and in some cases eliminate tariffs on several products that it imports from European countries.

With the duties on imports reduced, consumers in India could get these products at cheaper rate. A list:

Wine

Spirits

Beer

Olive oil, margarine and other vegetable oils

Kiwis and pears

Fruit juices and non-alcoholic beer

Processed food (breads, pastries, biscuits, pasta, chocolate, pet food)

Sheep meat

Sausages and other meat preparations

India-EU trade deal LIVE: The European Union has said that the historic trade pact with India would save the bloc at least €4 billion every year, a development likely a cause of the big drop in import duties by India.

Besides, the EU said that the deal would be a competitive advantage for EU exporters.

India-EU trade deal LIVE: During a press briefing on the trade pact with India, the EU delegation said that New Delhi would cut down tariffs on several items exported to the country, benefiting Europe’s agri-food sectors.

Wine

Spirits

Beer

Olive oil, margarine and other vegetable oils

Kiwis and pears

Fruit juices and non-alcoholic beer

Processed food (breads, pastries, biscuits, pasta, chocolate, pet food)

Sheep meat

Sausages and other meat preparations