Last Updated on January 30, 2026 2:31 pm by INDIAN AWAAZ
WEB DESK
The International Monetary Fund (IMF) has described the India-European Union (EU) Free Trade Agreement (FTA) as a positive development, noting that it reflects countries’ efforts to deepen economic integration amid rising global trade tensions and uncertainty.
Responding to questions during a briefing on emerging market economies, IMF Economic Counsellor and Director of Research, Pierre-Olivier Gourinchas, said recent trade agreements show that governments are seeking pragmatic ways to expand trade ties even after a turbulent year for global commerce. Gourinchas said that, in the current global environment, it matters that some countries are still pursuing deeper trade relations where progress is possible. He also stressed that trade agreements can bring policy certainty at a time of global volatility.