Negotiations for the trade pact were revived in June 2022 after an eight-year hiatus. The Indian readout noted the strong foundations of the partnership: “As the world’s largest democratic forces, India and EU share a strong and close relationship built on trust, shared values, and a common vision for the future.”

Modi extended an invitation to both Costa and von der Leyen to attend the upcoming India–EU summit, which is expected to be scheduled at a mutually convenient time. Discussions also touched upon the broader India–EU agenda, including areas such as technology, sustainability, defence, innovation, investment, security, and supply chain resilience.

The three leaders jointly welcomed developments in bilateral relations and expressed hope for an early conclusion of the FTA, along with progress on the India–Middle East–Europe Economic Corridor (IMEEC), which was first introduced during the G20 Summit in Delhi in 2023.

“Looking ahead, we plan to agree on a joint strategic agenda at the next EU–India summit, as early as possible in 2026. We also remain fully committed to concluding the free trade agreement negotiations by the end of the year. To achieve this, progress is needed now,” said von der Leyen.

India’s engagement with the EU has taken on added significance amid shifting global trade dynamics, including previous disruptions such as the steep tariffs imposed by the former US administration. Leaders agreed to remain in contact as negotiations continue toward finalising the FTA and addressing wider strategic concerns.