Modi Govt Unlocks 20-Year Stalled EU FTA: Piyush Goyal Reveals Strategy
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News18•31-01-2026, 10:20
Modi Govt Unlocks 20-Year Stalled EU FTA: Piyush Goyal Reveals Strategy
- •The India-EU Free Trade Agreement (FTA) talks, stalled for two decades, were successfully advanced by the Modi government.
- •Commerce and Industry Minister Piyush Goyal stated the deal reflects India's renewed confidence and balanced approach, not haste or pressure.
- •Previous governments viewed global trade as a threat, lacking political will, while the Modi government linked it to the 'Viksit Bharat' roadmap.
- •India protected sensitive sectors like agriculture (grains, pulses, dairy, GM food) and domestic auto industry (vehicles up to 25-30 lakh rupees) from immediate shock.
- •India secured its interests regarding Europe's Carbon Border Adjustment Mechanism (CBAM), ensuring recognition of Indian verifiers and avoiding double taxation.
Why It Matters: The Modi government successfully revived and progressed the India-EU FTA, stalled for 20 years, through a confident and balanced approach.
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