India and EU set to announce landmark trade deal

AI Summary
India and the European Union are poised to announce a significant trade deal after nearly two decades of negotiations. The announcement is expected in Delhi, where European Commission President Ursula von der Leyen and European Council President António Luís Santos da Costa are meeting with Indian officials. The deal aims to strengthen strategic and trade ties between India and the EU amid global economic and geopolitical pressures, including trade tensions with the US. The agreement will expand market access for Indian exports to Europe and ease entry for European investments and goods into India. While the formal announcement is imminent, the official signing will likely occur later this year, pending approval from the European Parliament and the European Council.
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