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The Other India-EU Deal

The India-EU Free Trade Agreement cuts tariffs on 99% of Indian exports and includes security and mobility pacts, creating a market of two billion people, U.S. officials said.

  • On Tuesday at the India-EU Summit, leaders unveiled the India-EU Free Trade Agreement, reducing tariffs on 99% of Indian exports and over 97% of EU exports.
  • Amid Washington's tariff campaign, U.S. trade policy uncertainty and Trump administration tariffs prompted India and the European Union to accelerate talks seeking alternatives.
  • In a Fox Business interview on Tuesday, Jamieson Greer, U.S. Trade Representative, said India gained market access into Europe and additional immigration rights, highlighting its low-cost labour.
  • Indian textiles and apparel exporters warned last week that US buyers cutting orders risks permanent loss, while sectors like leather and marine products gain and European wine and automobile sectors benefit.
  • U.S. Treasury Secretary Scott Bessent said India’s Russian oil share rose from about 2-3% to 18-19%, while the U.S. imposed more significant sanctions weeks ago.
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आज तक broke the news in on Wednesday, January 28, 2026.
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