India and the European Union finalize landmark trade agreement to slash tariffs

India and the European Union have finalized a landmark trade deal that will eliminate tariffs on 96.6 percent of goods. This pact aims to double exports by 2032.

Insights:
The Indian ININGovernment and the European Union EUEUhave officially finalized a significant trade agreement designed to reshape economic cooperation and enhance trade flows between the two regions. This landmark deal marks a major shift in global trade dynamics as it reduces regional reliance on the United States amid ongoing global trade tensions. Following the announcement, European Commission President Ursula von der Leyen ursula von der leyenand IndianPrime Minister Narendra Modi narendra modiemphasized that the pact is poised to double exports from the European Unionto Indiaby 2032.
European Union High Representative for Foreign Affairs and Security Policy and European Commission Vice-President Kaja Kallas and India's Foreign Minister Subrahmanyam Jaishankar sign an EU–India Security and Defence Partnership agreement, while European Commission President Ursula von der Leyen, Indian Prime Minister Narendra Modi and European Council President Antonio Costa applaud next to them.
European Union High Representative for Foreign Affairs and Security Policy and European Commission Vice-President Kaja Kallas and India's Foreign Minister Subrahmanyam Jaishankar sign an EU–India Security and Defence Partnership agreement, while European Commission President Ursula von der Leyen, Indian Prime Minister Narendra Modi and European Council President Antonio Costa applaud next to them.
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