India-EU trade deal strong message that cooperation is best answer to global challenges: Ursula

📆 27-01-2026 05:32:00

India-EU FTA News

India-EU Free Trade Agreement, India-Eu Trade Deal, Pm Modi

📆 27-01-2026 05:32:00
📰 Zee News

⏱ Reading Time:
170 sec. here
16 min. at publisher
📊 Quality Score:
News: 113%
Publisher: 63%

India-EU trade deal: The free trade agreement between India and the EU, first initiated in 2007, is expected to anchor a broader economic and strategic partnership as global trade dynamics shift. President of the European Commission Ursula von der

India-EU trade deal: India and the European Union successfully concluded negotiations of the landmark India-EU Free Trade Agreement on Tuesday. This announcement marks a historic milestone in India and EU economic relations and trade engagement with key global partners.

The documents on the agreement conclusion were exchanged between EU Trade Commissioner Maros Sefcovic and Union Commerce Minister Piyush Goyal. The free trade agreement between India and the EU, first initiated in 2007, is expected to anchor a broader economic and strategic partnership as global trade dynamics shift.Significance of India-EU trade dealThe European Union is one of Indias largest trading partners, with bilateral trade in goods and services growing steadily over the years. In 2024-25, Indias bilateral trade in goods with the EU stood at Rs 11.5 Lakh Crore with exports worth Rs 6.4 Lakh Crore and imports amounting to Rs 5.1 Lakh Crore . India-EU trade in services reached Rs 7.2 Lakh Crore in 2024.President of the European Commission Ursula von der Leyen, during a briefing on Tuesday, said that the India-EU trade deal is a strong message that cooperation is the key solution to global challenges. ...This is the tale of two giants. The worlds second and fourth largest economies, two giants who choose partnership in a true win-win fashion. A strong message that cooperation is the best answer to global challenges, she said. The #IndiaEUTradeDeal is a strong message that cooperation is the best answer to global challenges: EU President @vonderleyen pic.twitter.com/FRrS4u5O0G— Piyush Goyal January 27, 2026Trump trade tariffs US President Donald Trumps tariffs have raised global uncertainty in trade and diplomacy and thus this India-EU FTA is more significant to both India and the EU. According to a report by The Guardian, dated September 10, 2025, Trump had asked the EU to impose up to 100 per cent tariffs on India and China. This was reportedly a part of the push to end Russia-Ukraine conflict. Trump had made these demands during a meeting between the EU and the US officials. Also Read- India-EU evolving ties: Why New Delhi could be the ‘perfect’ partner for Europe | EXPLAINEDScott Bessents reaction to India-EU deal US Treasury Secretary Scott Bessent has accused European nations of indirectly financing the Russia-Ukraine war by purchasing oil products refined in India using Russian crude, even as Washington has imposed tariffs on New Delhi over its energy ties with Moscow.According to ANI, speaking to ABC News on Sunday, Bessent defended the Trump administrations decision to levy steep duties on Indian imports, arguing that Europes continued energy-linked trade contradicts its stated security position.We have put 25 per cent tariffs on India for buying Russian oil. Guess what happened last week? The Europeans signed a trade deal with India, Bessent said.And just to be clear again, the Russian oil goes into India, the refined products come out, and the Europeans buy the refined products. They are financing the war against themselves, he added.Bessent said the US has imposed punitive tariffs and pushed for decoupling from Russian energy, while European governments continue to benefit from what he described as gaps in the global oil supply chain.India-US tariffEarlier, the Trump administration had imposed tariffs of up to 50 per cent on Indian goods, including a 25 per cent levy directly linked to Indias imports of Russian oil.These measures were doubled in August, further escalating trade tensions between Washington and New Delhi.However, Bessent had reportedly indicated that tariff relief could be considered.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

India-EU Free Trade Agreement India-Eu Trade Deal Pm Modi Piyush Goyal India EU Trade Deal India EU Free Trade Agreement India EU Trade Relations Ursula Von Der Leyen India EU India EU FTA Negotiations EU India Trade Talks India-EU FTA India-EU Free Trade Agreement

Write Comment

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

मर्सिडीज-BMW की कारें भारत में सस्ती हो सकती हैं: यूरोप से इम्पोर्टेड कारों पर टैरिफ 40% तक घटेगा; कल फ्री ...India Europe car tariff reduction 40% expected. Follow latest updates on India-EU summit and trade agreement.
Read more »

Mother of all Trade Deals: ধ্বংসের জন্য মরিয়া হয়ে উঠেছে ইউরোপ, যুদ্ধের টাকা জোগাড়েই এই বাণিজ্য চুক্তি! ভারতের সঙ্গে ডিল সই হতেই তেলেবেগুনে ট্রাম্প...Team Trump claims Europe is funding war against itself through the India EU trade deal mother of all trade deals triggering fresh debate on global trade geopolitics, and transatlantic relations
Read more »

India–EU landmark FTA concludes-- From auto, wine, to textile items, heres what will become cheaperThe India-EU trade agreement will lower or remove tariffs on more than 90 percent of European goods including automobiles exported to India.
Read more »