India-EU FTA legal scrubbing likely to be completed in 15-20 days: Piyush Goyal

07 Jul 2026 Evaluate

Commerce and Industry Minister Piyush Goyal has said that India and the European Union (EU) are likely to complete the legal scrubbing of the free trade agreement (FTA) within the next 15-20 days. India and the 27-nation bloc announced the conclusion of negotiations for the trade pact in January. Following the legal scrubbing, both sides are likely to sign the agreement by the end of this year and implement it next year. Goyal said he will visit Brussels on July 14-15 along with a business delegation. He added ‘We are going to Brussels, Spain, and Finland, as we have already started promoting Indian products, goods, and services.’

He also said that India and the EU are also discussing ways to speed up the legal scrub of the EU-India FTA, so that it can go in for ratification in their (EU's) Commission and Parliament. He said ‘And our effort is that in the first quarter of 2027, the EU-India FTA, which will open 27 developed countries for our businesses, which will be the mother of all these, will enter into force, will be operational, and take the country's exports to a newer height’. He pointed out that leather and leather product exports have reached $4-4.5 billion, and the trade pacts will help create huge opportunities in developed countries. He said ‘The new markets in developed nations that have been opened up for your sector. I think the time is right for all of you to aim big, aspire for much bigger achievements. The enabling conditions have been created’.

The minister asked the leather industry to aim for $15 billion in exports in the next 5-6 years. He said ‘Finishing, designing, packaging, brand building. These are the areas which will define our future. Our export promotion mission is willing to extend every possible assistance that you may require’. Calling for diversification of export destinations, he said 77 per cent of India's leather exports currently go to only 15 countries. He said the time has come to diversify across the world.

Further, Goyal said India is in dialogue with Canada for a trade pact and expressed hope that this could be concluded by the end of the year. In the Gulf Cooperation Council region, India already has FTAs with Oman and the UAE, and is negotiating with a six-country bloc, which could add four more countries, and take the number, under trade pacts, to 55. He said India is also talking to Mexico, which would take the number to 56, and to Brazil and three other countries associated with it, taking the number to 60.

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