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EU and India conclude trade negotiations after nearly two decades of on-off

India–EU summit: Modi announces free trade agreement with EU

The deal would forge a market of two billion people and nearly a quarter of global GDP, according to the European Commission. Follow DW for more.

European Council President Antonio Costa, European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi pose together with their hands together as if to signal a part of a team
EU and India conclude trade negotiations after nearly two decades of on-off

Indian Prime Minister Narendra Modi announced the finalization of a landmark free trade agreement with the EU
President of the European Council, Antonio Costa, and European Commission President Ursula von der Leyen co-chair an India–EU summit with Prime Minister Narendra Modi
The deal will pave the way for free trade of goods between the bloc of 27 European nations and India
EU top diplomat Kaja Kallas also aims to sign a security and defense partnership with India

India–EU summit: Modi announces free trade agreement with EU

The deal would forge a market of two billion people and nearly a quarter of global GDP, according to the European Commission. Follow DW for more.

European Council President Antonio Costa, European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi pose together with their hands together as if to signal a part of a team
EU and India conclude trade negotiations after nearly two decades of on-off negotiations

Indian Prime Minister Narendra Modi announced the finalization of a landmark free trade agreement with the EU
President of the European Council, Antonio Costa, and European Commission President Ursula von der Leyen co-chair an India–EU summit with Prime Minister Narendra Modi
The deal will pave the way for free trade of goods between the bloc of 27 European nations and India
EU top diplomat Kaja Kallas also aims to sign a security and defense partnership with India
The blog will cover the major developments during the EU-India summit in New Delhi on Tuesday, January 27, 2025:

Trade deal to create opportunities for growth and jobs, says Germany

Trade deal to create opportunities for growth and jobs, says Germany
Germany’s finance minister said on Tuesday that the trade deal reached by the European Union and India could accelerate economic growth and deepen strategic ties.

“This agreement creates new opportunities for growth and good jobs — in Europe and India alike — while deepening the strategic partnership with the world’s largest democracy,” Vice Chancellor and Finance Minister Lars Klingbeil said in a statement.

Trade deal expected to double European exports to India by 2032

The European Union (EU) and India have agreed upon a landmark free trade agreement which will cut or eliminate tariffs on almost 97 percent of European exports, saving up to 4 billion euros ($4.75 billion) annually in duties, the 27-nation bloc said.

Under the agreement, India will grant the EU tariff reductions no other trading partner has received. It also addressed climate action, environmental protection, labor rights and women’s empowerment.


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