EU-India Free Trade Deal Possible by Month-End, Says German Chancellor Merz
Economy
C
CNBC Awaaz•13-01-2026, 16:03
EU-India Free Trade Deal Possible by Month-End, Says German Chancellor Merz
- •German Chancellor Friedrich Merz stated that a historic EU-India Free Trade Agreement (FTA) could be signed by the end of January.
- •Top EU leaders are expected to visit India to finalize the agreement if talks conclude on time.
- •Merz made these remarks in Ahmedabad after meeting Indian Prime Minister Narendra Modi during his first visit to India as Chancellor.
- •The FTA is seen as a significant opportunity to strengthen economic ties and reduce dependence on China and Russia.
- •Bilateral trade between India and the EU reached 120 billion euros in 2024, making the EU India's largest trading partner.
Why It Matters: A major EU-India Free Trade Agreement is anticipated by month-end, strengthening economic ties and reducing dependencies.
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