India - EU FTA

Summary. On Jan. 27, the European Union and India reached a landmark free trade deal that is expected to double the former's exports to India by 2032 and it will, in return, reduce tariffs on 99.5% of goods imported from India. Concluded after about two decades of negotiations, the deal has been described as the “mother of all deals” by European Commission President Ursula von der Leyen, as it which aims to remove trade barriers and open up new export opportunities, creates the world's largest free trade zone, encompassing two billion people and nearly 25% of global gross domestic product.