‘The mother of all trade deals’: EU and India sign landmark trade agreement – Europe live | Europe
important events
“The conclusion of negotiations with India offers a glimmer of hope amid a chaotic geopolitical situation,” said Bernd Lange, chairman of the European Parliament’s international trade committee.
“The EU is not alone in its insistence on a rules-based order. This is just the beginning of close cooperation with India. “We can build on this foundation in the future,” he said. in question.
Germany immediately welcomed the deal, saying it could boost growth at a time when its ties with other major economies are becoming increasingly difficult. AFP reported.
“This agreement creates new opportunities for growth and good jobs – both in Europe and India – as we deepen the strategic partnership with the world’s largest democracy,” he said. Lars KlingbeilGerman finance minister.
If you’re after A detailed “fact sheet” regarding the agreementEU’s document Here.
says The agreement will save up to 4 billion euros a year in customs duties on European products and clearly says this is India’s largest trade opening to any trading partner (hello england).
Here are some specific examples Q&A:
“For example, Tariffs on cars will gradually decrease from 110% to 10% There is a quota of 250,000 vehicles per year. “Tariffs as high as 44 percent on machinery, 22 percent on chemicals and 11 percent on pharmaceuticals will be largely eliminated.”
Morning opening: ‘The mother of all trade deals’
Yakup Krupa
The European Union concluded trade talks with India this morning and signed a number of separate agreements on mobility, security and defense, among others.
The deal will open up India’s vast and highly protected market. According to Reuters, New Delhi reduced customs duties on automobiles from 110 percent to 10 percent in five years. The EU said the deal would also reduce customs duties on a range of EU products coming to India, including machinery, electrical equipment, chemicals and iron and steel.
EU curious about stress HE EU and India currently trade goods and services worth €180 billion a yearIt supports close to 800,000 EU jobs and EU exports of goods to India are expected to double by 2032.
“This The most ambitious trade opening ever granted by India to a trading partner,” he said, and the bloc created a market of more than 2 billion people.
of india Narendra Modi He welcomed the agreement, saying “the world’s two largest democratic powers add a decisive chapter to their relationship” and hailed the “largest free trade agreement in its history”. President of the European Commission, Ursula von der LeyenHe went further, calling it “the mother of all trade agreements.”
agreements will still need to go through the usual approval process, Including member states and the European Parliament.
However There’s no hiding from the fact that there’s a deal – Under construction for 19 years – Signing now as the EU urgently seeks new trading partners to diversify its trade Given that tariff-happy relations with the United States are increasingly weakening Donald Trump. Earlier this month, the EU signed a deal with South American bloc Mercosur after 25 years of negotiations.
President of the European Council Antonio Costa – Holds overseas citizenship of India through Goan roots – He said the agreement “sends a message” “A clear message to the world at a time when the global order is being fundamentally reshaped.”
I will give you the main reactions to the agreement.
Separately, I will follow the latest developments regarding Ukraine and Greenland.
His Tuesday, January 26, 2026, his Yakup Krupa here and this Europe Live.
Good morning.
