‘Mother of all deals’: India and EU finalise FTA

‘Mother of all deals’: India and EU finalise FTA - The Hindu
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‘Mother of all deals’: India and EU finalise FTA
European wines, luxury cars to become cheaper as trade talks conclude after almost two decades; Modi calls it historic pact, while Ursula says it will reduce strategic dependence amid global turmoil; Officials say document will undergo legal scrubbing before it can be ratified by European Parliament
Updated - February 03, 2026 06:45 pm IST
T.C.A. Sharad Raghavan
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Union Commerce & Industry Minister Piyush Goyal (right) and European Commissioner for Trade & Economic Security Maros Sefcovic exchange documents during a joint press statement after a meeting between Prime Minister Narendra Modi, European Council President Antonio Costa and European Commission President Ursula von der Leyen at Hyderabad House in New Delhi on January 27, 2026.
| Photo Credit: ANI
India and the European Union (EU) on Tuesday (January 27, 2026) announced the conclusion of negotiations over a free trade agreement (FTA) that would see the EU drop tariffs on 99.5% of items India exports to the region, with most tariffs going down to 0% immediately once the agreement comes into effect.
India, on the other hand, has given tariff concessions on 97.5% of the traded value between the two economies.
Published - January 27, 2026 06:23 pm IST
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