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'I'm from Goa': Costa cites his Indian roots, calls new pact most ambitious FTA ever concluded'
The FTA will cut tariffs on over 90% of goods, boost Indian exports, and deepen security ties, marking a major step in India-EU economic and strategic relations.
- India and the European Union sealed a free trade agreement on Tuesday, January 27, 2026, unveiled by Prime Minister Narendra Modi and EU leaders António Costa and Ursula von der Leyen in New Delhi.
- After long-running talks launched in 2007 and relaunched in 2022, negotiations concluded on Monday to deepen trade and investment ties while diversifying exports away from volatile markets like China.
- The pact will cut tariffs on over 90% of traded goods, with trade between India and the EU at 180 billion euros, expanding market access for investors and businesses.
- Alongside the FTA, the partners also inked a Security and Defence Partnership and a mobility agreement for Indian talent, while Indian exporters in textiles, leather, gems & jewellery, chemicals, pharmaceuticals will gain easier entry into Europe.
- Costa recalled his roots in Goa and showed his Overseas Citizen of India card, highlighting the pact's special meaning as EU leaders joined Republic Day celebrations on Monday.
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'Proud Of My Roots In Goa': EU's 'Babush' Antonio Costa Flaunts OCI Card As India-EU Seal Trade Deal
European Council President Antonio Luis Santos da Costa, in an unexpected light-hearted gesture, took out his OCI (Overseas Citizen of India) card and shared his India-connect, talking about his Goan roots.
·Mumbai, India
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After years of negotiations, announced the conclusion of a broad trade agreement that reduces duties, facilitates trade and investment and strengthens strategic cooperation also in the field of security and defence. The understanding follows the increase of tensions with Washington but also the competition with China. For Delhi the operation strengthens the idea of an India at the center of the economic and geopolitical balances between the West…
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Total News Sources38
Leaning Left2Leaning Right12Center2Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
13%
12%
R 75%
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