India and EU announce landmark trade deal
Summary
The EU and India announced a landmark trade deal after nearly two decades of talks, promising substantial tariff reductions and heightened market access across goods and services. The agreement includes phased tariff cuts on chemicals, machinery, electrical equipment, and vehicles, with India offering preferential access for textiles, leather, marine products, and other exports, plus a mobility framework. While the deal aims to boost manufacturing, investment, and supply-chain integration, analysts caution about regulatory hurdles and ratification processes; it is viewed as a strategic foundation rather than a final, all-encompassing agreement in a tense global trade landscape.