Italy Ambassador Calls India Partnership "Reliable," Sees FTA as Game-Changer
Italian Ambassador to India Antonio Bartoli has highlighted what he describes as a "reliable" and growing partnership between Rome and New Delhi. He stated this strategic relationship will receive a significant boost once the European Union-India Free Trade Agreement concludes.
Stability in Uncertain Times
Speaking with ANI, Ambassador Bartoli pointed to Europe's advantages during current global instability. "We live in an era of geopolitical turmoil where unpredictability often feels like the only constant," he said. "Europe offers many benefits. It possesses a vibrant economy alongside an ancient culture and rich civilization, much like India."
He positioned Italy as a key player within this broader Europe-India friendship. "Within this strong friendship, Italy stands out as one of the most interesting and reliable partners. We have tremendous potential to develop together. The conclusion of the Free Trade Agreement will enhance this dynamic even further," Bartoli explained.
Upcoming Summit and FTA Details
These comments come just before a major diplomatic event. European Council President Antonio Costa and European Commission President Ursula von der Leyen will visit India. They will represent the EU at the 16th EU-India Summit scheduled for January 27.
The proposed FTA aims to substantially increase bilateral trade. The EU is already India's largest trading partner, with goods trade reaching $136.53 billion in the 2024-25 period. The agreement is expected to cover several critical areas:
- Market access for goods
- Rules of origin
- Services and investment
- Intellectual property rights
India is pushing for zero-duty access for its labor-intensive sectors, which include textiles, leather, and handicrafts. The pact will also incorporate safeguards to protect Indian farmers and Micro, Small, and Medium Enterprises (MSMEs). Furthermore, it will promote regulatory cooperation and transparency, simplifying business operations in both markets.
Strategic Roadmap and Sectoral Collaboration
Reflecting on the bilateral relationship, Ambassador Bartoli referenced a concrete plan. "The two Prime Ministers adopted a five-year roadmap, a joint strategic action plan covering 2025 to 2029. They identified main areas for cooperation," he said. "Trade and investment goals aim to raise the volume to at least 20 billion euros."
He listed several promising sectors for collaboration:
- Investments in defence and space
- Connectivity projects like IMEC and the Indo-Mediterranean corridor
- Technology, startups, and innovation
- Science and inter-university cooperation
- Energy, including waste-to-energy initiatives
Bartoli specifically highlighted manufacturing as a prime area for synergy. "As the second industrial powerhouse in Europe, Italy can be very useful and complementary to an India focused on developing a more robust manufacturing sector," he noted. "We are very good at machinery."
The ambassador's statements underscore a mutual commitment to deepening ties. The upcoming EU-India Summit and the progress on the FTA negotiations are seen as pivotal moments that could redefine economic and strategic cooperation between the regions, with Italy playing a central role.
