Finance
Prime Minister Shri Narendra Modi today held a bilateral meeting with the President of the European Council, H.E. Mr. António Costa, and President of the European Commission, H.E. Ms. Ursula von der Leyen, on the sidelines of the G7 Summit in Evian.
Recalling the landmark 16th India-EU Summit held in India in January 2026, the leaders welcomed the remarkable progress made in India-European Union bilateral relations since then. The leaders emphasized the recent conclusion of negotiations for the India-EU Free Trade Agreement as a historic achievement and stressed its expeditious signing and implementation, which would unlock huge opportunities for trade and investment and contribute towards diversification of supply chains, particularly in the current turbulent geopolitical context.
As the world’s two largest democracies, with open market economies and pluralistic societies, India and the EU share a relationship based on trust, shared values and a common vision for the future. The leaders discussed the progress on the Joint India-EU Comprehensive Strategic Agenda endorsed in January 2026 and shared the sentiment that it would further reinforce India-EU strategic partnership and deliver mutually beneficial and transformative outcomes.
Exchanging views on regional and global issues of mutual interest, the leaders welcomed the developments in West Asia. They reiterated their shared commitment to shaping a resilient multipolar global order that contributes to peace and stability, prosperity and sustainable development.
Source: PIB
