After nearly two decades of negotiations, India and the European Union have signed a monumental free trade agreement. Covering a market of over two billion people, the deal eliminates or significantly slashes tariffs on more than 90 percent of goods, marking a strategic pivot amidst global economic pressures .
Indian Prime Minister Narendra Modi hailed the pact as the “mother of all trade agreements,” promising major boosts for farmers and small businesses. In New Delhi, European Commission President Ursula von der Leyen declared the deal a victory for cooperation in a challenging geopolitical landscape .
Finalized while India faces potential high tariffs from the US, the agreement also eases travel restrictions for professionals between the two regions. With bilateral trade hitting $136 billion in 2025, this partnership is set to reshape the economic dynamics of Eurasia .
India and EU seal historic “Mother of All Deals” for free trade
