EU-India deal ‘accelerated’ over past six months amid Trump’s tariff threats – Europe live

In a significant development, the European Union and India have accelerated negotiations over a comprehensive trade deal, spurred by mounting tariff threats from former U.S. President Donald Trump. The deal, which has been in discussions for years, gained momentum over the past six months as both parties sought to counterbalance the shifting dynamics of global trade. This ambitious agreement aims to eliminate tariffs entirely over a seven-year period, marking a pivotal shift in EU-India economic relations. Indian Prime Minister Narendra Modi has lauded the agreement as the "largest free trade agreement" in India's history, emphasizing its potential to bolster economic growth and enhance bilateral ties. The deal promises to open up new avenues for trade by facilitating smoother access to markets and reducing trade barriers. This move is expected to benefit a wide range of sectors, from technology and pharmaceuticals to agriculture and textiles, fostering greater collaboration between European and Indian businesses. European officials have echoed Modi's optimism, highlighting the strategic importance of strengthening ties with India amid evolving global trade challenges. The agreement not only underscores a commitment to free trade but also reflects a shared interest in promoting economic resilience and sustainability. As the world grapples with protectionist tendencies, this landmark deal stands as a testament to the enduring value of international cooperation in fostering economic prosperity.

— Authored by Next24 Live