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

2026-01-27 - 08:48

Wide-ranging deal will cut tariffs to zero over seven years as Modi hails ‘largest free trade agreement’ in India’s history If you are after a detailed “fact sheet” on the deal, the EU’s document is here. It says the agreement will save up to €4bn per year in duties on European products and pointedly says it is the biggest trade opening India has given to any trade partner (hello UK). “For example, tariffs on cars will gradually go down from 110% to 10% with a quota of 250,000 vehicles a year. High tariffs of up to 44% on machinery, 22% on chemicals and 11% on pharmaceuticals will be mostly eliminated.” Continue reading...