India-EU Seal Mother Of All Deals After 18 Years, Slash Tariffs, Reshape Global Trade

Описание: India and the European Union have concluded the long-awaited “mother of all deals,” marking a historic free trade agreement after 18 years of negotiations. Announced amid shifting global alliances and U.S. tariff pressure tactics, the pact creates a combined market of nearly two billion people. European Commission President Ursula von der Leyen called it a powerful answer to global challenges, stressing cooperation between two of the world’s largest economies. The deal promises major tariff cuts on European cars, wines, spirits, medicines, medical equipment, aircraft parts, electronics, iron, steel and chemicals. It is expected to lower prices for Indian consumers, boost manufacturing, reduce raw material costs and deepen cooperation in defence, maritime, cyber and space security.

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