India–EU Free Trade Agreement — The Mother of All Deals

India and the European Union ink a comprehensive Free Trade Agreement, marking a significant milestone in our economic engagement. 

The agreement will unlock opportunities across sectors, benefiting businesses and people, and contributing to growth and prosperity on both sides. Europe and India trade deal - No one else has.

India is negotiating from a position of POWER .

Double exports by 2032 

No tariff on EU chemicals

No tariff on 90%  EU surgical tools

No tariff on EU Optical tools

No tariff EU made planes or space crafts

Lesser tariff on machinery & Pharmaceuticals

Tariff on cars to go down to 10% 

EU commits 500 million euros to support India's efforts to cut emissions

The European Union and India announced a sweeping trade accord. 

The agreement, driven by a search for new partnerships to shield their markets from America, will deepen ties between 27-nations and one of the world’s fastest-growing economies. 

The India–EU Free Trade Agreement took nearly 20 years to conclude and  the credits go to Modi in particular.

The EU and India make history today, deepening the partnership between the world’s biggest democracies. We have created a free trade zone of 2 billion people, with both sides set to gain economically. We have sent a signal to the world that rules-based cooperation still delivers great outcomes. And, best of all, this is only the start - we will build on this success, and grow our relationship to be even stronger.  -  Ursula von der Leyen, President of the European Commission. 

The agreement brings together two billion people in a trade arrangement covering roughly a quarter of global GDP. Tariffs will fall on everything from German luxury cars to Indian textiles. 

Trump's whimsical imposition of tariffs on many countries including India had driven both Brussels and New Delhi to sign this historic agreement to check mate Triump's unilateral and unjustified tariifs on imports to US from India and EU. 

The scale of the agreement is substantial. India will eliminate or reduce tariffs on 96.6% of EU exports, while the EU will do the same for 99.5% of Indian goods by trade value. For Brussels, the agreement reinforces its long-standing pursuit of “strategic autonomy”, reducing over-reliance on both the United States and China while expanding partnerships with like-minded economies. The India deal follows similar EU agreements with Japan, Indonesia, Mexico, and South American partners. 

For India, the logic is equally clear. As the world’s fourth-largest economy, New Delhi is determined not to be trapped by dependence on any single market. 

The EU agreement complements India’s increasingly assertive trade diplomacy, which has seen deals concluded or advanced with Australia, the UAE, the United Kingdom, European Free Trade Association states, Oman, and New Zealand.  For other details, please go through the four following slides published.