30/10/2026
EU–India: From Trade Ambition to Innovation and Investment
On 29 October 2026, the Belgium–India Creative Association (BICA) brought together policymakers, business leaders, researchers and industry representatives in Brussels to explore the next chapter of EU–India cooperation.
With bilateral trade in goods reaching approximately €118 billion in 2025, the relationship is already substantial. The EU–India Free Trade Agreement offers significant opportunities:
• Full or partial tariff liberalisation covering 96.6% of EU exports to India by trade value.
• Liberalisation covering approximately 99.3% of Indian exports to the EU by trade value.
• The potential to double EU goods exports to India by 2032.
Following welcoming remarks by Rakesh Kapila, Founding President of BICA, the forum was moderated by Vidhya Sampath.
Our thanks to the distinguished speakers: Asim Anwar (Embassy of India); Geoffroy Gueyffier (European Commission, DG Trade); Erika Staël von Holstein (Re-Imagine Europa); Edith Nordmann (Netherlands India Chamber of Commerce & Industry); Tej Paul Bhatla (FICCI); Renaat Schrooten (FPS Economy Belgium); Prof. Dr. Johan Stiens (VUB/FACT); Hemakiran Gupta (Tata Consultancy Services); and Jan Luykx (former Belgian Ambassador to India/Egmont Institute).
Respecting the Chatham House Rule, the following themes are shared without attribution:
• Beyond tariffs: administrative complexity, non-tariff barriers and professional mobility remain essential challenges, particularly for SMEs.
• Complementary strengths: combining Europe’s research and technological expertise with India’s talent, manufacturing capabilities and market scale can accelerate innovation.
• Strategic opportunities: semiconductors, medical technology, AI, renewable energy, ship recycling, electric mobility, aerospace, defence and circular economy solutions offer scope for deeper cooperation.
• Belgium–India partnerships: the longstanding diamond relationship provides a foundation for expanding collaboration into advanced technology and sustainable industries.
• Urgency and focus: as the United States and China advance rapidly, Europe and India must accelerate joint research, help start-ups scale and bring competitive technologies to market.
A central message emerged: a trade agreement alone is not enough. Business depends on people, trust and mutual understanding. A shared vision must connect trade with research, education, sustainability and investment.
Thank you to all our speakers, moderator and participants for a valuable afternoon of discussion and networking.
BICA remains committed to turning dialogue into meaningful partnerships. The next chapter must be defined by action, collaboration and measurable results.