India-Spain and India-Finland Ties Strengthened Following Landmark Trade Agreement

India-Spain and India-Finland Ties Strengthened Following Landmark Trade Agreement.webp

New Delhi, February 18 Prime Minister Narendra Modi held separate meetings with the President of Spain, Pedro Sánchez, and the Prime Minister of Finland, Petteri Orpo, on Wednesday, stating that the India-EU Free Trade Agreement (FTA) has ushered in a golden era in India-Europe relations.

Modi said he had a productive meeting with President Sánchez, discussing ways to boost the India-Spain friendship, particularly in areas such as defense, security, and technology.

"Our nations are marking 2026 as the India-Spain Year of Culture, Tourism, and AI. This will deepen people-to-people connections. It's great to see a large delegation of universities also coming to India. This will also contribute significantly to strengthening our people-to-people ties."

"The historic FTA with the EU will have a very positive impact on the economic partnership with Spain and provide new opportunities for our people," Modi said in a post on X.

India and the European Union finalized the landmark FTA on January 27, billed as the "mother of all deals," to create a market of 2 billion people.

President Sánchez said, along with Prime Minister Modi, he noted the excellent state of relations between Spain and India, which the two will continue to strengthen.

"I congratulated him on the organization of the Summit on the Impact of Artificial Intelligence. We share the need to continue taking steps towards an AI that puts people at the center," Sánchez said in a post on X in Spanish.

Prime Minister Modi and President Sánchez held bilateral talks and reviewed the entire gamut of India-Spain relations, including trade and investment, technology, infrastructure, climate, renewable energy, defense and security, space, culture, tourism, and people-to-people exchanges, the Prime Minister's Office (PMO) said in an official statement.

They welcomed the positive momentum in bilateral cooperation and expressed happiness at the progress on the Tata-Airbus collaboration for the final assembly line of the C-295 transport aircraft at the Vadodara facility, which they jointly inaugurated in October 2024.

Modi and Sánchez emphasized the "high potential" of the India-Spain Dual Year of Culture, Tourism, and Artificial Intelligence, being celebrated this year to mark the 70th anniversary of the establishment of diplomatic relations between the two countries, in further promoting bilateral technology, innovation, business, and people-to-people ties, the statement said.

They stressed the importance of defense industrial collaboration based on co-development and co-production as the way forward.

The Spanish president is here at the invitation of PM Modi on an official visit from February 18 to 19.

Sánchez highlighted the importance of the summit and expressed confidence that its outcomes would contribute meaningfully to shaping global AI governance.

According to the statement, Modi and Sánchez recognized AI as a transformative force and underlined the need for closer India-Spain cooperation to leverage its potential for inclusive development and societal benefit.

They also discussed the potential of cooperation in the field of education, especially in light of India's New Education Policy. In this context, they welcomed the Conference of Vice-Chancellors of Indian universities and Rectors of Spanish universities, which is being held in New Delhi on February 19 and 20, the statement said.

Both leaders noted the continued impressive growth in two-way tourism, which is contributing to greater economic activities in their respective countries and furthering people-to-people ties.

PM Modi invited leading Spanish universities and institutions, particularly in STEM and technology fields, to open campuses in India under the New Education Policy, the statement said.

Modi and Sánchez exchanged views on regional and global issues of mutual interest, including Spain's decision to join the Indo-Pacific Oceans Initiative.

They reiterated their strong condemnation of terrorism in all its forms and manifestations and emphasised the need for strengthened international cooperation to combat terrorism, according to the statement.

This is the second official visit of Sánchez to India after his bilateral visit in October 2024. He is accompanied by Minister for Digital Transformation and Civil Service Óscar López Agueda and Minister of Agriculture, Fisheries and Food Luis Planas Puchades.

During his "extensive discussions" with his Finnish counterpart Petteri Orpo, PM Modi thanked him for his personal support to the India-EU FTA, which "usher in a golden era" in India-Europe relations.

"India and Finland aim to double trade, thus giving a strong boost to economic linkages. We also talked about enhancing cooperation in futuristic technologies like 6G, innovation, clean energy, biofuels, circular economy, and more," Modi said in another post on X.

According to another statement issued by the PMO, Modi and Orpo welcomed the recent conclusion of the India-EU Free Trade Agreement during the 16th India-EU Summit, which will serve as a catalyst for shared progress and prosperity. They committed to continuing efforts to further enhance bilateral relations in the spirit of the India-EU Strategic Partnership.

The leaders underscored the pivotal role of digitalisation and sustainability in driving future economic growth and development.

In this context, they recognised and welcomed the increasing presence of their leading technology companies in each other's economies through expanded operations and partnerships. The Finnish PM applauded India's vision for just and inclusive AI development, the statement said.

The leaders called for doubling bilateral trade and greater technology collaboration, including in co-development of quantum and 6G, renewables, circular economy, and defence, it said.

They also exchanged views on regional and global developments, and on greater cooperation in global governance. They looked forward to enhancing bilateral engagement, including meeting again at the 3rd India-Nordic Summit later this year, it added.

Sánchez and Orpo are here to attend the ongoing India AI Impact Expo 2026, which brings together global technology firms, startups, academia, and research institutions, central and state governments, and international partners.

PM Modi will on Thursday inaugurate the expo, which features more than 600 high-potential startups and 13 country pavilions showcasing international collaboration in the AI ecosystem.

Over 20 heads of state, 60 ministers, and 500 global artificial intelligence (AI) leaders are attending the summit.
 
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artificial intelligence cultural exchange finland india ai impact expo 2026 india-eu free trade agreement india-eu strategic partnership india-spain relations investment narendra modi pedro sanchez petteri orpo spain technology cooperation tourism trade vadodara
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