The European Union has approved a new Security and Defence Agreement with India, which is set to be signed next week during the India-EU Summit in New Delhi. EU foreign policy chief Kaja Kallas informed the European Parliament on Wednesday that the agreement forms part of a broader strategic agenda between India and the EU and has been finalised for signing at the upcoming summit. The agreement covers key areas including a Free Trade Agreement (FTA), defence and security cooperation, cyber security, maritime security, and counter-terrorism. Top EU leadership to attend India-EU summit European Council President Antonio Costa and European Commission President Ursula von der Leyen will visit India for the occasion. Both leaders will be the chief guests at India’s Republic Day celebrations on January 26, while the India-EU Summit will take place on January 27. Kallas said the agreement would strengthen cooperation between the two sides, especially in combating terrorism and enhancing security. “This partnership will enhance cooperation in maritime security, counter-terrorism, and cyber defence. I look forward to signing it at the EU-India Summit in New Delhi,” Kallas said. Large EU delegation to visit India The EU delegation visiting India will include around 90 members, including Kaja Kallas, Trade Commissioner Maroš Šefčovič, and several senior officials and directors. Process for signing the trade feal Before the agreement is formally signed, both sides must complete legal procedures. The European Parliament’s approval is required first, followed by endorsement from the European Council. Once cleared, Trade Commissioner Šefčovič will present the agreement to India for signing. During the summit, India and the EU are also expected to unveil a Joint Strategic Plan that will guide bilateral relations from 2026 to 2030. Also Read| India-EU close to free trade agreement on Republic Day CBAM remains a key point of discussion According to media reports, negotiations are still ongoing over contentious issues such as the Carbon Border Adjustment Mechanism (CBAM). Under CBAM, the EU imposes carbon tariffs on products like steel and cement if they are produced using high-pollution processes. While the EU has not changed its CBAM policy so far, both sides are attempting to find a mutually acceptable solution. Also Read| Trump withdraws 10% tariff threat against 8 European nations Trade, technology, and mobility on the agenda Kallas said closer cooperation between India and the EU is vital in today’s increasingly dangerous global environment. A Free Trade Agreement would open markets by reducing tariffs and trade barriers, boosting exports and business opportunities on both sides. She added that the partnership would also strengthen cooperation in clean technology, pharmaceuticals, and semiconductors. Another key pillar of the agreement is the mobility of professionals. India and the EU will work towards facilitating the movement of students, researchers, skilled professionals, and seasonal workers, enhancing collaboration in technology, innovation, and research. Post navigation Indian benchmark indices open higher as Trump withdraws Greenland tariffs:Sensex skyrockets 850 points; Nifty up by 250 points, Zomato shares surge 7% Gold silver prices fall on easing geo-political tensions:White metal becomes ₹17,000 cheaper, correcting 5% from record peaks