On 27 January 2025 in New Delhi, a historic milestone was achieved. Hon’ble Prime Minister Shri Narendra Modi and H.E. President Ursula von der Leyen announced the conclusion of the India-EU Free Trade Agreement (FTA). This is more than a trade deal; it is a strategic breakthrough forging a trusted global partnership between the world's 4th and 2nd largest economies, together representing 25% of Global GDP. Key Highlights of the #IndiaEUFTA:  

• Unprecedented Market Access: Over 99% of Indian exports gain preferential entry to the EU.
• Services Boost: Ambitious access for professionals in IT, finance, and education.
• Future-Ready: Enhanced cooperation on digital trade, AI, green tech, and talent mobility.

FOCUS: INDIA & HUNGARY PARTNERSHIP : This FTA is a game-changer for our bilateral relations with Hungary. Building on our strong foundation in pharma, tech, and engineering. The agreement will Accelerate Trade: Boosting competitiveness for Hungarian machinery and Indian auto-parts/pharma. Catalyze Investment: Clearer rules to integrate supply chains and encourage cross-border investments. Drive Innovation: New avenues for joint R&D and easier mobility for specialists. The FTA lays the foundation for inclusive, resilient growth, aligning perfectly with India’s vision of #ViksitBharat2047.