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Looking forward to advancing EU-India FTA negotiations: Spanish President
Oct-30-2024

Spanish President Pedro Sanchez has said that he looks forward to advancing European Union (EU)-India FTA negotiations. He said the potential for a stronger relationship between India and the 27-nation European Union bloc, including Spain is enormous. He noted that Spain is one of the largest economies in the world and has invested $4.2 billion in India. He added ‘this will help our markets grow in size and diversity.’ 

The EU-India proposed a free trade agreement (FTA) aimed at further boosting bilateral trade and investments between the two regions. The two sides are negotiating FTA, investment protection treaty and agreement on geographical indications (GIs).  

Spanish President said ‘we have a lot to offer to India with our experience in solar and wind power. Our expertise can help India reach its goal of 500 gigawatts of renewable energy by 2030. We are committed to partnering with India to boost its energy security and green transition. By combining Spanish innovation with India's potential, we can make a big impact on the global economy and the environment’. He further said Spain's advanced railway systems, subway networks, and transport solutions can greatly benefit India's infrastructure projects. 


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