Onlykashmir.in News Desk
India’s Commerce and Industry Minister Piyush Goyal has proposed a “10x10x10 partnership” between India and Spain, calling for the scale of ambition between the two countries to match the strength of their growing relationship. Speaking at the India-Spain Business Forum, Goyal said India and the European Union are expected to complete the legal scrubbing of their long negotiated trade pact within another week or two.
Goyal noted that there had been no criticism of the India-EU trade agreement in any of the EU’s member states, a point he described as a positive signal for the pact’s eventual implementation. He identified advanced manufacturing, mobility, railways, sustainability, innovation, science, arts and culture as key areas where India and Spain could deepen cooperation in the years ahead.
The minister underlined the need to encourage the free flow of goods and services between the two countries in order to achieve exponential growth in trade and investment ties. To that end, he put forward four specific suggestions: investing deeper and wider into each other’s future, leveraging the opportunities opening up with the India-EU Free Trade Agreement, connecting tourism and talent between the two nations, and further strengthening government to government relations.
Goyal also held productive discussions with his Spanish counterpart, Jordi Hereu, Spain’s Minister of Industry and Tourism, during which the two leaders explored fresh opportunities to strengthen India-Spain collaboration. They exchanged views on the India-EU Free Trade Agreement and reaffirmed their commitment to strengthening industrial partnerships, building resilient supply chains, and deepening economic cooperation for the mutual benefit of both nations.
The proposed 10x10x10 framework, though light on specifics for now, signals New Delhi’s intent to move beyond routine bilateral engagement with Spain toward a more structured, target driven partnership, echoing similar frameworks India has floated with other European economies in recent years. With the India-EU trade pact nearing completion, officials on both sides appear keen to position Spain as an early beneficiary of the broader opening between Indian and European markets.
Goyal’s visit forms part of a wider push by India’s Commerce Ministry to deepen economic engagement with European partners even as the final contours of the India-EU Free Trade Agreement are being settled, with further ministerial exchanges expected in the coming months as both sides work toward translating the proposed partnership into concrete commitments.
