India-EU FTA Features Rare CBDC Cooperation Clause Amid Digital Rupee Rollout
M
Moneycontrol•28-02-2026, 06:55
India-EU FTA Features Rare CBDC Cooperation Clause Amid Digital Rupee Rollout
•The India-European Union Free Trade Agreement (FTA) includes an explicit reference to cooperation on Central Bank Digital Currencies (CBDCs).
•This inclusion is uncommon as CBDCs are still evolving globally and rarely feature directly in trade agreements.
•Article 8-C.13 of the FTA's Financial Services annex specifies collaboration on areas like Sup Tech, Reg Tech, CBDC, and other emerging technologies.
•India is currently in the pilot phase of its digital rupee, with a fuller rollout planned, considering global developments and cross-border use cases.
•The mention of CBDC cooperation signals deeper engagement between India and the EU on digital currency regulation, standards, and technological development.
