PM Modi, Cyprus President voice optimism about concluding India-EU FTA by year end

Prime Minister Narendra Modi and the President of Cyprus Nikos Christodoulides expressed optimism about concluding the India-EU Free Trade Agreement by the end of the year, which would also give a major boost to trade and economic cooperation between the two nations.

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The two leaders interacted with business leaders from both nations at a roundtable in Limassol on Sunday evening.

In a post on X, PM Modi said the interaction would add vigour to the commercial linkages between the two nations.

Boosting business linkages!

“President Nikos Christodoulides and | inter-acted with leading CEOs in order to add vigour to commercial linkages between India and Cyprus. Sectors like innovation, energy, technology and more offer immense potential. | also talked about India’s reform trajectory in the last decade.”

The Cyprus President in a post on X said the two nations are sending a strong message of cooperation and prosperity, and a message of hope.

“Today, we are building more bridges; we are deepening and expanding economic cooperation between Cyprus and India.

“Together, we are entering anew era of strategic partnership, founded on trust and our shared values, driven by innovation and inspired by our rich historical journey and the vast horizon that opens before us.

“Together, Cyprus and India, we send a strong message of cooperation and prosperity, and at the same time, a message of hope.”

The Roundtable interaction with business leaders from Cyprus and India in Limassol, included participants representing diverse sectors such as banking, financial institutions, manufacturing, defence, logistics, maritime, shipping, technology, innovation, digital technologies, Al, IT services, tourism and mobility.

In his address, PM Modi highlighted India's rapid economic transformation in the last 11 years, and noted that India, propelled by next-generation reforms, policy predictability, stable polity and Ease of Doing Business, has become the fastest growing major economy in the world.