Antonio Costa and Ursula von der Leyen will grace India's Republic Day celebrations.

European Union leaders António Costa and Ursula von der Leyen will attend India's Republic Day celebrations, and amid growing concerns about Washington's trade and tariff policies, both sides are expected to finalize the much-anticipated free trade agreement on January 27.

With the global order appearing unstable, the European Union (EU) and India are expected to discuss forging a comprehensive global agenda during Costa and von der Leyen's three-day visit to New Delhi, which begins on January 25.

The European Union is India's largest trading partner, with bilateral trade in goods reaching $135 billion in the 2023-24 financial year. This free trade agreement is expected to significantly boost trade relations.

At the invitation of Prime Minister Narendra Modi, the President of the European Council, António Luís Santos da Costa, and the President of the European Commission, Ursula von der Leyen, will be on a state visit to India on January 25-26 as chief guests for the 77th Republic Day celebrations, the Ministry of External Affairs said on Thursday. Every year, India invites world leaders to attend its Republic Day celebrations.

High-level sources said that both sides are expected to finalize the proposed free trade agreement at this summit.