FTA: India and EU set for 'mother of all deals' as Trump's tariffs bite

India and the European Union are on the brink of finalizing a landmark Free Trade Agreement (FTA), touted as the "mother of all deals." This development comes at a pivotal time as both regions seek to bolster economic ties amid shifting global trade dynamics. The FTA negotiations, which have spanned nearly two decades, are now approaching a successful conclusion, promising to enhance bilateral trade and investment opportunities significantly. The urgency to finalize the deal has been accelerated by the recent imposition of tariffs by the United States under former President Donald Trump, which has disrupted traditional trade routes and compelled nations to diversify their economic partnerships. For India and the EU, the agreement represents a strategic move to mitigate the impact of these tariffs while strengthening their economic resilience. The deal is expected to eliminate trade barriers, promote innovation, and create new jobs, benefiting industries across both regions. As the negotiations near completion, stakeholders from various sectors express optimism about the potential benefits. The FTA is anticipated to not only boost trade volumes but also foster closer collaboration in areas such as technology, sustainable development, and climate change. With this agreement, India and the EU are poised to redefine their trade relationship, setting a precedent for future international economic partnerships.

— Authored by Next24 Live