India, EU to soon finish legal scrubbing of trade pact text: Commerce and Industry Minister Piyush Goyal
He said the pact will be operationalised a few months after the India-UK deal takes effect, while India-Spain trade is still below $10 billion.
- On Monday, Commerce and Industry Minister Piyush Goyal said India and the 27-nation European Union are expected to finish the legal scrubbing of their trade pact text in another "week or two."
- Addressing the India-Spain Business Forum, Goyal noted that current bilateral trade between India and Spain stood at $9.2 billion in 2025-26, remaining below $10 billion potential.
- Goyal proposed increasing bilateral trade, investments, and tourism 10-fold over the next 10 years, urging stakeholders to "create a roadmap for the future."
- The European Union and India collectively represent about 30 per cent of the global economy, with about 300 Spanish companies operating in India and about 100 Indian firms present in Spain.
- India expects the India-EU FTA to become operational a few months after the India-UK trade agreement, which comes into force on Wednesday, July 15.
8 Articles
8 Articles
India, UK trade pact to come into force from July 15: An Explainer
New Delhi: The comprehensive economic and trade agreement (CETA) that was signed between India and the UK on July 25, 2025, after several rounds of negotiations, will come into force from July 15, 2026. This will be the sixth free trade agreement to be implemented by the Narendra Modi government. Earlier, India implemented such pacts with Mauritius, UAE, Australia, EFTA (European Free Trade Association), and Oman. The agreement, one of the bigge…
India, Spain Should Aim Beyond 7-fold Trade Growth in 10 Years: Piyush Goyal
Get latest articles and stories on World at LatestLY. Union Commerce and Industry Minister Piyush Goyal on Monday (local time) said he was not satisfied with the goal of merely doubling India-Spain bilateral trade every three years, asserting that the two countries should aim far higher than a seven-fold increase over the next decade and work together on a roadmap to unlock their full economic potential. World News | India, Spain Should Aim Beyo…
India, Spain should aim beyond 7-fold trade growth in 10 years: Piyush Goyal - The Tribune
Union Commerce and Industry Minister Piyush Goyal on Monday (local time) said he was not satisfied with the goal of merely doubling India-Spain bilateral trade every three years, asserting that the two countries should aim far higher than a seven-fold increase over the next decade and work together on a roadmap to unlock their full economic potential.
The Economic Times
Times of IndiaIndia, EU to soon finish legal scrubbing of trade pact text: Commerce and Industry Minister Piyush Goyal
India and the European Union expect to finish their trade pact legal scrubbing soon. This agreement will become operational a few months after the India-UK trade deal. Minister Piyush Goyal stated all EU member states fully support this partnership. He also highlighted significant potential to boost India-Spain bilateral trade. Both nations aim to increase trade, tourism, and investments tenfold over ten years.
India-EU FTA final stage Piyush Goyal Spain Business Forum Free Trade Agreement- India-EU Ties: India-EU FTA in final stage, Piyush Goyal said – agreement will give new impetus to trade and investment
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