European Union Finalizes Major Trade Agreement with India

The European Union has concluded a significant trade agreement with India, marking the culmination of nearly two decades of negotiations. This deal is expected to open India's market of almost 1.5 billion people to EU exports, with substantial reductions in Indian tariffs on various European goods, including motor vehicles, machinery, chemicals, pharmaceuticals, and wine. The agreement is projected to double EU exports to India by 2032, representing a major development in global trade and economic relations.