Greece Supports India-EU Trade Agreement

• Bilateral Relations: Greek Prime Minister Kyriakos Mitsotakis and Indian Prime Minister Narendra Modi discussed bilateral ties, focusing on trade, investment, and defence cooperation.

• India-EU Free Trade Agreement (FTA): Mitsotakis expressed Greece's support for the early conclusion of a mutually beneficial India-EU FTA during a phone call with Modi.

• Negotiation Status: The 13th negotiation round for the India-EU FTA was recently held in New Delhi, with 11 chapters already concluded. These chapters cover:

  • Customs and trade facilitation
  • Dispute settlement mechanisms
  • Digital trade
  • Sustainable food systems
  • Small and medium-sized enterprises (SMEs)
  • Competition and subsidies
  • Capital movements

• Economic Indicators: The European Union is India's largest trading partner, with bilateral trade in goods reaching $135 billion in the financial year 2023-24.

• Future Events: Mitsotakis endorsed the success of the AI Impact Summit, which India will host in 2026.

• Strategic Partnership: Both leaders reaffirmed their commitment to enhancing the India-Greece strategic partnership across various sectors, including:

  • Trade
  • Investment
  • Technology
  • Shipping
  • Defence
  • Security
  • Connectivity
  • People-to-people ties

• Cultural Exchange: Mitsotakis also conveyed birthday wishes to Modi, showcasing the personal rapport between the two leaders.

These points encapsulate the strategic discussions and commitments between India and Greece while also highlighting significant economic data and diplomatic engagements.