India and EU clinch landmark free trade pact, Modi calls it a game-changing deal
TL;DR
India and the European Union sealed a landmark free trade agreement, creating a vast market (about 2 billion people) and aiming to boost sectors such as textiles, gems and jewelry, leather, and shoes. Modi dubbed it a major milestone as New Delhi seeks relief from U.S. tariffs and to diversify its trade, with the EU accounting for roughly a quarter of global GDP and serving as India’s largest trading partner; the pact complements India’s other recent deals with the U.K., Oman, and New Zealand.
- India and European Union have closed a 'landmark' free trade deal, Prime Minister Modi says CNBC
- Trade deal: India and EU to announce FTA amid Trump tariff tensions BBC
- EU to announce ‘mother of all’ Indian trade deals Financial Times
- Europe is aiming to sign a long-awaited free-trade deal with India The Economist
- EU carmakers face tough India market even after trade deal Reuters
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