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India and EU Finalize Historic Trade Deal After 20 Years

1/27/2026

29 3 Full Breakdown

Summary

Story summary

Prime Minister Narendra Modi of India and the European Union finalized a trade deal, with signing after legal vetting and implementation within a year.
The accord would represent a quarter of the global economy and make the EU India's largest trading partner.
It follows two decades of negotiations amid shifting global alliances and U.S. trade-policy shifts.
Trade between India and EU stood at $136.5 billion in the last fiscal year.

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Story summary

Prime Minister Narendra Modi of India and the European Union finalized a trade deal, with signing after legal vetting and implementation within a year.
The accord would represent a quarter of the global economy and make the EU India's largest trading partner.
It follows two decades of negotiations amid shifting global alliances and U.S. trade-policy shifts.
Trade between India and EU stood at $136.5 billion in the last fiscal year.