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Yahoo
7 hours ago
- Business
- Yahoo
India expects EU trade deal by year end as Cyprus pledges support
NICOSIA (Reuters) -India expects to finalise a free trade agreement with the European Union by the end of this year, Prime Minister Narendra Modi said on Monday, while Cyprus, which assumes the EU presidency in 2026, said better ties would be its priority. Modi, on an official visit to the east Mediterranean island, said there were unlimited possibilities in expanding economic ties with Cyprus in a visit aimed at pushing forward India's global trade agenda. "We are working on finalising a mutually beneficial India-EU trade agreement by the end of this year," Modi said in joint remarks with Cypriot President Nikos Christodoulides. India is pursuing a trade link by sea and rail known as the India-Middle East-Europe Corridor, but the visit is being held in the shadow of an escalating crisis in the Middle East."We agree the India - Middle East Europe Corridor will pave the way for peace and prosperity in the region," Modi said. Cyprus, which has close relations with India through its shared membership of the Commonwealth, is offering facilities to be a first point of entry to Europe and a transhipment hub, Christodoulides said. "A strengthening of EU-India relations will be among the priorities of the Cypriot EU presidency," Christodoulides said. Cyprus assumes the rotating six-month presidency of the bloc in early 2026.
Straits Times
11 hours ago
- Business
- Straits Times
India expects EU trade deal by year end as Cyprus pledges support
Cyprus' President Nikos Christodoulides and India's Prime Minister Narendra Modi talk during a welcome ceremony at the Presidential Palace in Nicosia, Cyprus June 16, 2025. REUTERS/Yiannis Kourtoglou India's Prime Minister Narendra Modi and Cyprus' President Nikos Christodoulides hold a joint press conference after their meeting at the presidential palace in Nicosia, Cyprus, June 16, 2025. Iakovos Hatzistavrou/Pool via REUTERS Cyprus' President Nikos Christodoulides meets with India's Prime Minister Narendra Modi at the presidential palace in Nicosia, Cyprus, June 16, 2025. Iakovos Hatzistavrou/Pool via REUTERS India's Prime Minister Narendra Modi shakes hands with Cyprus' President Nikos Christodoulides after their meeting at the presidential palace in Nicosia, Cyprus, June 16, 2025. Iakovos Hatzistavrou/Pool via REUTERS India's Prime Minister Narendra Modi speaks to the press after his meeting with Cyprus' president at the presidential palace in Nicosia, Cyprus, June 16, 2025. Iakovos Hatzistavrou/Pool via REUTERS NICOSIA - India expects to finalise a free trade agreement with the European Union by the end of this year, Prime Minister Narendra Modi said on Monday, while Cyprus, which assumes the EU presidency in 2026, said better ties would be its priority. Modi, on an official visit to the east Mediterranean island, said there were unlimited possibilities in expanding economic ties with Cyprus in a visit aimed at pushing forward India's global trade agenda. "We are working on finalising a mutually beneficial India-EU trade agreement by the end of this year," Modi said in joint remarks with Cypriot President Nikos Christodoulides. India is pursuing a trade link by sea and rail known as the India-Middle East-Europe Corridor, but the visit is being held in the shadow of an escalating crisis in the Middle East."We agree the India - Middle East Europe Corridor will pave the way for peace and prosperity in the region," Modi said. Cyprus, which has close relations with India through its shared membership of the Commonwealth, is offering facilities to be a first point of entry to Europe and a transhipment hub, Christodoulides said. "A strengthening of EU-India relations will be among the priorities of the Cypriot EU presidency," Christodoulides said. Cyprus assumes the rotating six-month presidency of the bloc in early 2026. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Time of India
11 hours ago
- Business
- Time of India
India expects EU trade deal by year end as Cyprus pledges support
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India expects to finalise a free trade agreement with the European Union by the end of this year, Prime Minister Narendra Modi said on Monday, while Cyprus, which assumes the EU presidency in 2026, said better ties would be its on an official visit to the east Mediterranean island, said there were unlimited possibilities in expanding economic ties with Cyprus in a visit aimed at pushing forward India's global trade agenda."We are working on finalising a mutually beneficial India-EU trade agreement by the end of this year," Modi said in joint remarks with Cypriot President Nikos is pursuing a trade link by sea and rail known as the India-Middle East-Europe Corridor , but the visit is being held in the shadow of an escalating crisis in the Middle East."We agree the India - Middle East Europe Corridor will pave the way for peace and prosperity in the region," Modi which has close relations with India through its shared membership of the Commonwealth, is offering facilities to be a first point of entry to Europe and a transhipment hub, Christodoulides said."A strengthening of EU-India relations will be among the priorities of the Cypriot EU presidency," Christodoulides said. Cyprus assumes the rotating six-month presidency of the bloc in early 2026.
