India, EU agree on ‘mother of all’ trade deals
AI Summary
India and the European Union reached a landmark trade agreement in January 2026, creating a free trade zone encompassing two billion people and approximately 25% of the global GDP. The deal, announced by European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi in New Delhi, follows nearly two decades of intermittent negotiations. India anticipates benefits in sectors like textiles, gems, and leather goods, while the EU views India as a crucial future market. The agreement aims to open India's protected market to free trade with the 27-nation EU, its largest trading partner, and provide Europe with technology and investment opportunities. Formal signing is expected after legal vetting, with implementation anticipated within a year.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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