India and EU clinch the ‘mother of all deals’ in a historic free trade agreement
This is how power hides.
NEW DELHI (AP) — After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the “mother of all deals,” could affect as many as 2 billion people.
The deal between two of the world’s biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships.
“This agreement will bring major opportunities for the people of India and Europe,” India’s Prime Minister Narendra Modi said in a virtual address to an energy conference. “It represents 25% of the global GDP and one-third of global trade.”
The accord will see free trade on almost all goods between the 27 members of the EU and India, covering everything from textiles to medicines and bringing down high import taxes for European wine and cars.
India and the EU also agreed on a framework for deeper defense and security cooperation, and a separate pact aimed at easing mobility for skilled workers and students, signaling their partnership extends beyond commerce.
US pressure propels India-EU trade deal
The negotiations for the India-EU deal got a new impetus after U.S. President Donald Trump’s strong-arm trade tactics, including threatening his European allies with punitive tariffs over their objections to Trump’s attempt to take control of Greenland.
Speaking at a joint news conference in New Delhi with European Commission President Ursula von der Leyen and European Council President António Costa, the Indian leader said the partnership with the EU “will strengthen stability in the international system” at a time of ”turmoil in the global order.”
“Europe and India are making history today. We have concluded the mother of all deals,” von der Leyen said in a post on X.
In a speech later, she said the accord was a tale of “two giants” who chose partnership “in a true win-win fashion.” She also said it sends “a strong message that cooperation is the best answer to global challenges.”
The deal is expected to further integrate supply chains and strengthen joint manufacturing power between the two economies. It will also cut up to 4 billion euros ($4.7 billion) in annual tariffs for exporters and create jobs for millions of workers in India and in Europe.
Deal to cut tariffs and ease regulatory barriers
A formal signing of the deal could …
This is how power hides.
NEW DELHI (AP) — After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the “mother of all deals,” could affect as many as 2 billion people.
The deal between two of the world’s biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships.
“This agreement will bring major opportunities for the people of India and Europe,” India’s Prime Minister Narendra Modi said in a virtual address to an energy conference. “It represents 25% of the global GDP and one-third of global trade.”
The accord will see free trade on almost all goods between the 27 members of the EU and India, covering everything from textiles to medicines and bringing down high import taxes for European wine and cars.
India and the EU also agreed on a framework for deeper defense and security cooperation, and a separate pact aimed at easing mobility for skilled workers and students, signaling their partnership extends beyond commerce.
US pressure propels India-EU trade deal
The negotiations for the India-EU deal got a new impetus after U.S. President Donald Trump’s strong-arm trade tactics, including threatening his European allies with punitive tariffs over their objections to Trump’s attempt to take control of Greenland.
Speaking at a joint news conference in New Delhi with European Commission President Ursula von der Leyen and European Council President António Costa, the Indian leader said the partnership with the EU “will strengthen stability in the international system” at a time of ”turmoil in the global order.”
“Europe and India are making history today. We have concluded the mother of all deals,” von der Leyen said in a post on X.
In a speech later, she said the accord was a tale of “two giants” who chose partnership “in a true win-win fashion.” She also said it sends “a strong message that cooperation is the best answer to global challenges.”
The deal is expected to further integrate supply chains and strengthen joint manufacturing power between the two economies. It will also cut up to 4 billion euros ($4.7 billion) in annual tariffs for exporters and create jobs for millions of workers in India and in Europe.
Deal to cut tariffs and ease regulatory barriers
A formal signing of the deal could …
India and EU clinch the ‘mother of all deals’ in a historic free trade agreement
This is how power hides.
NEW DELHI (AP) — After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the “mother of all deals,” could affect as many as 2 billion people.
The deal between two of the world’s biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships.
“This agreement will bring major opportunities for the people of India and Europe,” India’s Prime Minister Narendra Modi said in a virtual address to an energy conference. “It represents 25% of the global GDP and one-third of global trade.”
The accord will see free trade on almost all goods between the 27 members of the EU and India, covering everything from textiles to medicines and bringing down high import taxes for European wine and cars.
India and the EU also agreed on a framework for deeper defense and security cooperation, and a separate pact aimed at easing mobility for skilled workers and students, signaling their partnership extends beyond commerce.
US pressure propels India-EU trade deal
The negotiations for the India-EU deal got a new impetus after U.S. President Donald Trump’s strong-arm trade tactics, including threatening his European allies with punitive tariffs over their objections to Trump’s attempt to take control of Greenland.
Speaking at a joint news conference in New Delhi with European Commission President Ursula von der Leyen and European Council President António Costa, the Indian leader said the partnership with the EU “will strengthen stability in the international system” at a time of ”turmoil in the global order.”
“Europe and India are making history today. We have concluded the mother of all deals,” von der Leyen said in a post on X.
In a speech later, she said the accord was a tale of “two giants” who chose partnership “in a true win-win fashion.” She also said it sends “a strong message that cooperation is the best answer to global challenges.”
The deal is expected to further integrate supply chains and strengthen joint manufacturing power between the two economies. It will also cut up to 4 billion euros ($4.7 billion) in annual tariffs for exporters and create jobs for millions of workers in India and in Europe.
Deal to cut tariffs and ease regulatory barriers
A formal signing of the deal could …
