Law Notify : The International Monetary Fund has described the India–European Union Free Trade Agreement as a constructive step, highlighting it as evidence that countries are still committed to deepening economic ties despite growing global trade tensions and uncertainty.

Speaking at a briefing on emerging market economies, International Monetary Fund Economic Counsellor and Director of Research Pierre-Olivier Gourinchas said recent trade agreements reflect a pragmatic approach by governments to expand trade links after a turbulent year for global commerce. He noted that in the current international environment, it is significant that some countries continue to push for deeper trade relationships wherever progress is feasible.

Gourinchas also underlined that such agreements can provide much-needed policy certainty at a time when the global economy is marked by volatility and shifting trade dynamics.