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'Mother of All Deals': EU Close to Sealing Historic India Trade Pact, Says Ursula at WEF
- On January 27, the India‑EU summit will announce the conclusion of negotiations for a trade deal creating a market of two billion people and nearly a quarter of global GDP.
- Driven by a push to access growth markets, the EU aims to give European businesses better access to expanding markets and strengthen trade amid rising protectionism, von der Leyen said.
- Nearly 90 percent of industrial tariffs would be cut, boosting competitiveness for Estonian machinery, electrical equipment and medical devices, while Estonia's service exports worth about 58.5 million in telecommunications, transport and tourism benefit from market liberalisation.
- Estonia's government backed the deal last November, and officials say it will strengthen Estonia's economic diplomacy while U.S. tariff threats from President Donald Trump create a tense backdrop.
- Broader EU ambitions connect Mercosur and Indo‑Pacific ties, with Mercosur forming the sixth‑largest economy of nearly 300 million people.
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European Commission President Ursula von der Leyen has said her goal is to create a trading bloc of two billion people.
FTA with EU could offer Indian textile exporters a $2-billion opportunity
The FTA is expected to be signed on January 27, with EU Commission president Ursula von der Leyen and European Council president António Costa expected in Delhi as the chief guests at the Republic Day parade
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Coverage Details
Total News Sources51
Leaning Left6Leaning Right11Center4Last UpdatedBias Distribution52% Right
Bias Distribution
- 52% of the sources lean Right
52% Right
L 29%
C 19%
R 52%
Factuality
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