US EditionIndia and European Union have closed a ‘landmark’ free trade deal, Prime Minister Modi says
- On Tuesday, Prime Minister Narendra Modi announced India and the European Union reached a free trade agreement at the India-EU Summit, New Delhi, finalised after nearly two decades of talks with Ursula von der Leyen and Antonio Costa present.
- Negotiations that began in 2007 and were relaunched in 2022 accelerated after shifts in geopolitics and protectionist actions, with officials crediting focused talks for closing the deal.
- The agreement creates a market covering two billion people and includes €120 billion in bilateral goods trade in 2024, with €60 billion in services, according to the European Commission.
- Modi said the pact will boost manufacturing and services, while Commerce Secretary Rajesh Agrawal noted formal signing follows a legal vetting period of five to six months with implementation likely next year.
- European leaders highlighted market access gains as Bessent said, `We have put 25% tariffs on India for buying Russian oil.
103 Articles
103 Articles
India and the European Union have reached an agreement on a free trade agreement, Indian Prime Minister Narendra Modi announced on Tuesday. The parties have been negotiating the agreement for nearly two decades - of course, there have been complete standstills along the way. The agreement would be of enormous significance even if both sides' relations with the United States had not recently changed. And so it has. The essence of it is that India…
As a result of a market without barriers to 2 billion consumers between Europe and India, Antonio José Seguro and André Ventura still have the only debate on this second time.
After the problems with Mercosur, the EU manages to take the first steps to conclude a trade agreement that will create a free trade economic zone of almost 2 billion people
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
