Prime Minister Narendra Modi is expected to visit Brussels in December 2026 to formally sign the India-European Union Free Trade Agreement (FTA), European Council President Antonio Costa has announced.

The agreement, which brings together a market of over 2 billion people representing approximately 25% of the global economy, is expected to strengthen trade and investment ties between India and the EU.

Under the proposed pact, more than 99% of Indian exports by value are expected to receive duty-free or preferential access to European markets. Key beneficiary sectors include textiles, leather, gems and jewellery.

The agreement also covers services, including IT, professional services, business consulting and research and development. Provisions to facilitate the movement of skilled Indian professionals are expected to create new opportunities for businesses and workers.

The agreement is expected to boost India's export competitiveness, expand market access and strengthen its position in global textile and apparel trade.