Union Home Minister Amit Shah termed the India-EU trade deal a “strategic breakthrough”, saying it will boost ‘Aatmanirbhar Bharat’, safeguard key sectors, and provide unprecedented market access for 99 per cent of Indian exports, creating jobs and new growth opportunities
Union Home Minister Amit Shah. File pic
Terming the trade deal inked with the European Union on Tuesday a "strategic breakthrough" in India's global trade engagement, Union Home Minister Amit Shah said that the deal safeguards the related sectors while heralding a new era of prosperity by gaining unprecedented access for 99 percent of Indian exports.
While posting on social media handle X, Amit Shah said that the India-EU trade deal marks a "defining moment," augmenting India's mission for an 'Aatmanirbhar Bharat' through win-win agreements, securing a trusted, mutually beneficial, and balanced partnership, reported PTI.
Shah wrote, "The India-EU Trade Deal marks a defining moment, securing a strategic breakthrough in India's global trade engagement. Embossing PM Shri Narendra Modi Ji's astute diplomatic vision on a global platform, the deal augments India's mission for an 'Aatmanirbhar Bharat' through win-win agreements, securing a trusted, mutually beneficial, and balanced partnership."
Thanking the Prime Minister for the historic achievement and congratulating the people of India, Amit Shah said, "Spearheaded by PM Shri Narendra Modi Ji's dictum of 'India First,' the India-EU Trade Deal safeguards the related sectors while heralding a new era of prosperity by gaining unprecedented access for 99 percent of Indian exports, opening a whole new world of opportunities for textiles, apparel, leather, footwear, marine products, gems, jewelry, handicrafts, engineering goods, medical instruments and appliances, plastics and rubber, and automobile sectors."
The Union Home Minister also highlighted that the deal set a new benchmark for people-friendly trade agreements, besides setting the stage for a boom in the rural economy and a rise in women's participation through securing preferential market access for agricultural exports.
In another post on social media handle X, he wrote, "Through the India-EU Trade Deal, Modi Ji launches the global aspirations of our youth to achieve new heights by unlocking opportunities across sectors, creating new jobs, spurring innovation, and enhancing their competitiveness."
India-EU trade deal aligns with ‘Viksit Bharat 2047’
The home minister also said that aligning with the vision of 'Viksit Bharat 2047', the agreement with the European Union empowers India's talent across Europe by providing independent professionals spread across 17 subsectors with certainty in providing services to EU clients.
This trade agreement will create avenues in knowledge-driven trade and facilitate AYUSH practitioners trained in India with the scope to provide services in the EU member states.
Earlier on Tuesday, India and the European Union sealed a landmark free trade agreement (FTA) billed as "the mother of all deals," with Prime Minister Narendra Modi and the top EU leadership unveiling a grand agenda to leverage trade and defense to shore up ties and work towards a rules-based world order.
In line with their vision for a rules-based global order, India and the 27-nation bloc rolled out a joint comprehensive strategic agenda for the next five years and firmed up 13 pacts, including one on the conclusion of negotiations for the Foreign Trade Agreement (FTA).
(With inputs from PTI)
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