India-EU FTA announced: Watch joint press meet of PM Modi & European Council

India and the European Union (EU) on Tuesday (January 27, 2026) announced the conclusion and finalisation of negotiations for a free trade agreement. The agreement is expected to be signed later this year and may come into force from early next year. The talks were concluded after 18 years. The negotiations started in 2007. Prime Minister Narendra Modi on Tuesday announced that India and the EU have reached a free trade agreement (FTA), saying it accounts for 25% of global GDP and one-third of global trade.