After nearly 20 years of stop-start talks, India and the European Union are finally due to seal what Commerce Minister Piyush Goyal calls the “mother of all trade deals”. ADVERTISEMENTTogether, India and the EU represent a market of nearly two billion people and close to a quarter of global GDP, making this the largest trade agreement ever concluded by either side. At present, many of these sectors face EU tariffs of around 10 per cent, limiting their competitiveness in European markets. He added that the agreement is “balanced and forward-looking” and will help improve India’s economic integration with the EU. “The EU and India believe in free trade over tariffs,” he said.

Source: The Telegraph January 27, 2026 02:37 UTC