US EditionIndia, EU finalize landmark trade deal representing 25% of global GDP
- On January 27, 2026, India and the European Union announced the conclusion of a Free Trade Agreement at the India‑EU summit in New Delhi, signed by Piyush Goyal and Maros Sefcovic with Prime Minister Narendra Modi and Ursula von der Leyen present.
- After more than 18 years of talks, India‑EU negotiations launched in 2007 resumed in 2022 following stalls over automobile, wine and sensitive agricultural sectors amid rising protectionism and U.S. tariff measures.
- The deal cuts tariffs across the bulk of traded goods, with the EU dropping duties on 99.5% of Indian exports and India opening 102 services subsectors.
- Officials said the FTA will boost manufacturing and services, with $33 billion of exports entering zero duty and SMEs, students, researchers and professionals benefiting from tariff cuts and mobility.
- After legal scrubbing and translations, the deal will be sent to all 27 EU member states and requires European Parliament and Indian Cabinet approvals before ratification, with the EU projecting doubled goods exports by 2032.
440 Articles
440 Articles
“We have achieved it. We have achieved the mother of all trade agreements. We are creating a market of 2 billion people. This is a story of two giants, the second and fourth largest economy in the world, who choose the partnership in a real strategy of mutual benefit.” After almost two decades of negotiations, the president of the European Commission, Ursula von der Leyen, announced this Tuesday the historic agreement reached by the European Uni…
It creates a free trade area of 2 billion people, which will benefit both the EU and India.
The EU and India today signed a comprehensive free trade agreement at a summit in New Delhi that will gradually eliminate or reduce tariffs on virtually all goods. European Commission President Ursula von der Leyen called the agreement "the mother of all deals".
The EU and India are facing a historic step: a new free trade agreement is designed to reduce tariffs, open markets and reorganise economic cooperation.
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