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India, EU finalize landmark trade deal representing 25% of global GDP
- Tuesday's 16th India‑EU Summit in New Delhi saw negotiators declare India‑EU Free Trade Agreement concluded, creating a market of two billion people and representing about 25% of global GDP.
- Following recent pacts with Mercosur and others, EU and India moved to open markets and diversify amid US tariffs and Chinese controls after relaunching negotiations in 2022.
- The pact includes tariff cuts on nearly all European exports, with Indian car tariffs reduced from up to 110% to 40%, while sensitive sectors like agriculture remain protected.
- Legal teams are now vetting the text, with formal signing expected after five to six months, and ratification required by the European Parliament and European Council, targeting 2027.
- For exporters and manufacturers, Indian labour-intensive sectors gain while European carmakers and exporters secure expanded market access and mobility, security and defence cooperation components deepen ties.
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The EU and India have launched the "mother of all deals". THE STANDARD provides an overview of the most important questions and answers
·Vienna, Austria
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After the Mercosur Agreement, the Eu Also Signed an Agreement with the World's Most Populous Country
The EU and India have agreed on a free trade agreement.
·Budapest, Hungary
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A major step was taken today in the European Union's (EU) efforts to disengage from the United States and reduce its exposure to China, following US President Donald Trump's weaponization of tariffs and China's growing dominance in manufacturing. The European Union today unveiled a new free trade agreement with India that has been 20 years in the making. It comes just days after an agreement was reached on...
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Total News Sources291
Leaning Left44Leaning Right34Center43Last UpdatedBias Distribution36% Left
Bias Distribution
- 36% of the sources lean Left
36% Center
L 36%
C 36%
R 28%
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