EU and India Sign Landmark Trade Deal, Creating Massive Market for European Companies
The European Union (EU) has concluded 19 years of trade talks with India, signing a landmark deal that will create one of the largest markets in the world for EU goods. The accord includes separate agreements on mobility, security, defense, among others.
Tariffs slashed by New Delhi
New Delhi has slashed tariffs on cars to 10% over five years from as high as 110%. This is expected to boost car exports from Europe to India. Additionally, the deal will cut tariffs on machinery, electrical equipment, chemicals, and iron and steel coming into India.
European Commission President Ursula von der Leyen called it "the mother of all trade deals," while Indian Prime Minister Narendra Modi hailed it as the largest ever free trade agreement in history. The EU's goods exports to India are expected to double by 2032, supporting close to 800,000 EU jobs.
Global implications
The deal sends a clear message to the world at a time when the global order is being fundamentally reshaped. With increasingly shaky relations with the US under Donald Trump, the EU has turned its attention to new trade partners like India and Mercosur (a South American bloc).
Chair of the European Parliament's international trade committee, Bernd Lange, described the deal as a glimmer of hope in chaotic geopolitical times. Germany has welcomed the deal, saying it could support growth at a time of increasingly challenging ties with other major economies.
The agreements will still need to go through the usual ratification process, including by member states and the European parliament. However, this landmark deal marks a significant milestone for EU-India relations and demonstrates the bloc's commitment to diversifying its trade partners in an increasingly uncertain global landscape.
The European Union (EU) has concluded 19 years of trade talks with India, signing a landmark deal that will create one of the largest markets in the world for EU goods. The accord includes separate agreements on mobility, security, defense, among others.
Tariffs slashed by New Delhi
New Delhi has slashed tariffs on cars to 10% over five years from as high as 110%. This is expected to boost car exports from Europe to India. Additionally, the deal will cut tariffs on machinery, electrical equipment, chemicals, and iron and steel coming into India.
European Commission President Ursula von der Leyen called it "the mother of all trade deals," while Indian Prime Minister Narendra Modi hailed it as the largest ever free trade agreement in history. The EU's goods exports to India are expected to double by 2032, supporting close to 800,000 EU jobs.
Global implications
The deal sends a clear message to the world at a time when the global order is being fundamentally reshaped. With increasingly shaky relations with the US under Donald Trump, the EU has turned its attention to new trade partners like India and Mercosur (a South American bloc).
Chair of the European Parliament's international trade committee, Bernd Lange, described the deal as a glimmer of hope in chaotic geopolitical times. Germany has welcomed the deal, saying it could support growth at a time of increasingly challenging ties with other major economies.
The agreements will still need to go through the usual ratification process, including by member states and the European parliament. However, this landmark deal marks a significant milestone for EU-India relations and demonstrates the bloc's commitment to diversifying its trade partners in an increasingly uncertain global landscape.
The EU just signed that massive trade deal with India! It's like, whoa! 
I remember when Tata Nano was all the rage back in 2008 and people were all about affordable cars... fast forward to 2025 and Indian tariffs on cars are already dropping by 100% over 5 years? 
That's some crazy growth right there! 
And don't even get me started on the EU's goods exports doubling by 2032, that's like, a whole new world of job opportunities for Europeans... 
Anyway, I guess this is good news for both parties, it's not like anyone's losing out or anything... 
. but seriously, this is huge for european companies looking to break into the indian market. and i'm glad they didn't include any 'protectionist' clauses that would've harmed smaller businesses 
. also, it's interesting to see germany jumping on board with this deal, shows they're thinking about their economic future 
. don't expect us eu folks to celebrate too hard just yet though, still gotta get the details ironed out before we can say we're all good 
This news is huge! I mean, 19 years of talks and finally, India has slashed tariffs on so many things that European companies will be super happy. Can you imagine being able to export cars and machinery to India without all those obstacles? It's like a weight's been lifted off their shoulders 
. And with the EU's goods exports expected to double by 2032, it's great news for all the jobs that'll be created 
. I'm not surprised Germany welcomed this deal, they've always been big on trade and growth. It's like a breath of fresh air in these chaotic times 
.
. And don't even get me started on the reduced tariffs for cars - I'm so over paying 110% for a new set of wheels 
. This deal is like, the ultimate wake-up call for us Europeans to start exploring new markets outside of our traditional circles 
. And with the EU's economy struggling a bit lately, this is just what they needed to boost growth 
, this deal shows the EU's still got its game face on 
. Good for India too, more opportunities for Indian businesses to tap into the EU market 
!
. What does it say about us as individuals when we're willing to open ourselves up to new markets and trade partners? Are we just trying to survive in a competitive world or is there something more profound at play? 
I guess that's the ultimate question, isn't it? Can we have progress without sacrificing our planet?
!
, and now they're looking to India as a way to stay relevant. But what does this mean for the little guy, you know? Are we just gonna see more stuff getting cheaper at our local supermarkets because corporations are making bank 
. it's like, a major win for the eu 'cause they got a massive market now 
. but lol what about the usual ratification process? u gotta wonder if its all just a formality 
. anywayz, cant wait to see those eu goods exports double by 2032 
. Double EU goods exports to India by 2032 and that's almost 800k EU jobs secure 
it's like night and day people 
either way, one thing's for sure - the global order is being turned upside down 
.
No, I mean... maybe not. I'm not even sure anymore... 