Von der Leyen was in New Delhi alongside European Council President Antonio Costa as Prime Minister Narendra Modi confirmed the conclusion of the India–EU Free Trade Agreement. India, meanwhile, will gradually reduce tariffs on 97 per cent of EU trade by value, opening its tightly guarded market to European manufacturers while retaining safeguards. Brussels says the agreement contains India’s most ambitious commitments on financial services in any trade deal. Bilateral trade in goods between India and the EU now stands at about $136 billion a year and is projected to exceed $200 billion within a few years. Services trade, already worth around $80 billion, is also expected to expand sharply.

Source: The Telegraph January 27, 2026 14:52 UTC