EU and India Sign Trade Deal Following 20 Years of Negotiations

EU and India finalized a major free trade agreement in New Delhi after 20 years of negotiations to establish a market covering 2.2 billion people.The pact will eliminate or reduce tariffs on 96.6% of European exports and 99.5% of Indian goods, with significant duty cuts for cars, machinery, and wine.Leaders including Narendra Modi and Ursula von der Leyen highlighted the deal as a strategic response to global trade tensions and a means to double exports by 2032.