The 16th India-European Union Summit was held on January 27, 2026, at Hyderabad House, New Delhi, attended by Prime Minister Narendra Modi, European Council President António Costa, and European Commission President Ursula von der Leyen. The summit culminated in the conclusion of negotiations for the long-awaited India-EU Free Trade Agreement (FTA), which covers goods, services, and investment — with the deal announced after finalisation of talks the previous night. A landmark Security and Defence Partnership was also signed, enhancing cooperation in maritime security, counterterrorism, cyberdefence, and defence procurement. Additionally, the two sides endorsed the 'Towards 2030: A Joint EU-India Comprehensive Strategic Agenda', outlining cooperation across four pillars — prosperity and sustainability, technology and innovation, security and defence, and connectivity and global governance. A Mobility and Migration Agreement was signed to substantially expand legal pathways for Indian students and skilled workers to the European Union. EU Presidents Costa and von der Leyen had participated as Guests of Honour at India's 77th Republic Day Parade on January 26. The India-EU FTA negotiations had been revived in 2022 after stalling since 2013, and their conclusion marks a historic achievement in India's trade diplomacy. The deal is expected to significantly boost bilateral trade, which stood at approximately €120 billion annually. The Digital Trade chapter is particularly significant, covering data flows, cybersecurity standards, and digital infrastructure collaboration. India secured carve-outs for its pharmaceutical sector and data localisation requirements while the EU obtained improved market access for automobiles and certain agricultural products.