India and the European Union set to announce conclusion of free trade negotiations at upcoming summit

India and the European Union plan to conclude free trade negotiations during a major summit this month. The deal will lower tariffs on cars and wine while boosting Indian exports.

Insights:
India ININand the European Union EUEUare expected to announce the conclusion of their protracted free trade agreement negotiations during an upcoming India-European Unionsummit scheduled for January 25 to 28, 2026. The formal announcement is anticipated to follow a high-level meeting between Indian Prime Minister Narendra Modi narendra modi, European Council President Antonio Costa antonio costa, and European Commission President Ursula von der Leyen ursula von der leyen. European Unionofficials have confirmed that the bloc aims to conclude the talks during this summit, potentially on Tuesday, before the pact moves through internal procedures. Speaking at the World Economic Forum in Davos on Tuesday, January 21, 2026, Ursula von der Leyenstated that the European Unionwas close to concluding the agreement while acknowledging that additional work remains.
European Commission President Ursula von der Leyen and India's Prime Minister Narendra Modi arrive for a photo opportunity ahead of their meeting at the Hyderabad House in New Delhi, India, February 28, 2025. REUTERS/Altaf Hussain/File Photo
European Commission President Ursula von der Leyen and India's Prime Minister Narendra Modi arrive for a photo opportunity ahead of their meeting at the Hyderabad House in New Delhi, India, February 28, 2025. REUTERS/Altaf Hussain/File Photo
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