Ursula von der Leyen announces EU and India near major trade deal

European Commission President Ursula von der Leyen announced at Davos that the EU and India are near an agreement to create a massive 2 billion person market.

Insights:
European Commission President Ursula von der Leyen ursula von der leyenannounced at the World Economic Forum in Davos on Tuesday, January 20, 2026, that the EU EUEUis on the verge of concluding a free trade agreement with India ININ. This announcement signals a major development in the global economic landscape as both parties seek to strengthen their bilateral ties. Although the talks have progressed significantly, Ursula von der Leyenexplicitly stated that work remains to finalize the agreement and get it over the line.
European Commission President Ursula von der Leyen and India's Prime Minister Narendra Modi arrive for a photo opportunity ahead of their meeting at the Hyderabad House in New Delhi, India, February 28, 2025. REUTERS/Altaf Hussain/File Photo
European Commission President Ursula von der Leyen and India's Prime Minister Narendra Modi arrive for a photo opportunity ahead of their meeting at the Hyderabad House in New Delhi, India, February 28, 2025. REUTERS/Altaf Hussain/File Photo
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