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Why the EU-India trade deal matters

The deal sets a 250,000 vehicle export quota at 10% tariff and includes defence cooperation, while India protects agriculture and gains steel export concessions.

Summary by GZERO Media
On Tuesday, the world’s largest trading bloc and the world’s most populous country cinched a deal that will slash or reduce tariffs on the vast majority of the products they trade. If approved by the European Parliament and the Indian cabinet, the deal will cut duties on nearly 97% of EU exports to India, while the EU will grant preferential access to 99% of Indian exports.The deal is huge. European Commission President Ursula von der Leyen dubb…

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EU Observer broke the news in Brussel, Belgium on Thursday, January 29, 2026.
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