TLDRIndia and the European Union have announced a landmark Free Trade Agreement (FTA) that is expected to reshape global trade dynamics. This agreement, which is expected to be signed in six months, will enhance collaboration across various sectors, including trade, security, and defense. The deal promises to provide duty-free access to over 90% of Indian goods in the EU market, which has 27 member countries, and will eliminate or reduce tariffs on over 90% of EU goods exports, saving up to €4 billion per year in duties on European products. The agreement also provides a competitive advantage for EU exporters, with the biggest trade opening India has given to any trade partner. The timing of the agreement is significant, coming amid heightened geopolitical turbulence and market uncertainty, driven in part by US President Donald Trump’s tariff postures and a Russia-Ukraine war that shows no signs of resolution.

Source: Mint January 27, 2026 09:03 UTC