Brief by Shorts91 Newsdesk / 06:06pm on 30 Jan 2026,Friday India Global
Commerce Minister Piyush Goyal announced the EU-India FTA will be implemented this year, benefiting labor-intensive sectors. In a Hindu interview, Goyal emphasized India only negotiates FTAs with developed economies complementing its growth, contrasting this with the UPA-era RCEP negotiations with ASEAN countries. He ruled out reconsidering RCEP, stating PM Modi's government exclusively pursues agreements with developed nations. While the EU framed the FTA as a political message to the U.S., Goyal clarified India's sole message is its growth story. He credited the deal's swift completion to Modi's "confidence and guidance," highlighting the strategic shift from previous administrations toward partnerships with complementary developed economies rather than emerging market blocs. (PC: X)
