‘The mother of all trade deals’: EU and India sign landmark trade agreement – Europe live

The Guardian - World NewsCenter-LeftEN 8 min read 100% complete by Jakub KrupaJanuary 27, 2026 at 11:09 AM

AI Summary

long article 8 min

The European Union and India have signed a landmark trade agreement, ending 19 years of negotiations. The deal, dubbed "the mother of all trade deals," aims to open India's market by significantly reducing tariffs on EU goods like machinery, chemicals, and cars. India will reduce tariffs on cars from as high as 110% to 10% over five years. The EU anticipates doubling its goods exports to India by 2032, building upon the existing €180 billion in annual trade that supports nearly 800,000 EU jobs. Leaders from both sides, including Narendra Modi and Ursula von der Leyen, hailed the agreement as a significant step in their relationship, creating a market of over 2 billion people. The agreement still requires ratification by member states and the European Parliament.

Key Entities & Roles

Key Player Opposition Context

Ukraine 30% European Parliament 30% Donald Trump 40% Mercosur 40% United States 40% New Delhi 50% Antonio Costa ×260% Ursula von der Leyen ×270% Narendra Modi ×270% European Union ×990% India ×1090%

Keywords

trade agreement 100% eu 90% india 90% tariffs 70% trade talks 60% free trade agreement 60% narendra modi 50% trade partners 50% ursula von der leyen 40% ratification process 40%