India-EU FTA to be signed in Dec, trade deal expected to take effect by mid-2027: EU ambassador Paquet
India and the EU are moving forward with a bilateral investment protection pact as a complement to the trade deal, the EU’s new ambassador in Delhi, Jean-Éric Paquet, has said.
The India-EU free trade agreement (FTA), expected to be signed in December, is anticipated to come into effect by mid-2027, according to EU ambassador Jean-Éric Paquet. Complementing the trade deal, the two sides are also negotiating a bilateral investment protection pact. Paquet also discussed the security and defense partnership with India, which includes countering non-traditional threats and defence industry cooperation.
The EU's carbon border adjustment mechanism (CBAM) has been put into place, and the EU is working with India to ensure proper assessment of carbon intensity for imports. A climate fund of 500 million euros is also being considered to support clean tech investments and reduce the carbon intensity of industries in India.
Written by urgent.news from Hindustan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
