🌍🚀 BREAKING: India & EU Finalize Historic Trade Deal After Nearly 20 Years 🇮🇳🇪🇺

India and the European Union have finalized a landmark free trade agreement that negotiators have worked toward for almost two decades — a pact some leaders are calling the “mother of all deals.” (Reuters)

📊 Deal Scope

• The agreement cuts or eliminates tariffs on roughly 96.6–97% of goods traded between India and the EU. (Al Jazeera)

• Expected to boost bilateral trade, potentially doubling EU exports to India by 2032. (Al Jazeera)

• Covers a market of nearly 2 billion people and around 25% of global GDP. (Al Jazeera)

🤝 What’s Next

• The deal still needs legal vetting and ratification by both sides, with formal signing expected after approval. (Reuters)

• Implementation could begin within about a year once all procedures are complete. (Reuters)

💡 Why This Matters

This pact opens India’s traditionally protected market to much broader access while giving European producers (like autos, machinery, and wine) cheaper market entry — and it shows a push toward diversified global trade ties amid broader geopolitical tensions. (Yahoo Finance)

📈 Trade implications

Free trade on this scale could reshape supply chains, boost exports, and strengthen long-term economic cooperation between two major global economies.

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