India and the European Union have announced a landmark Trade Deal

India and the European Union have announced a landmark trade deal, bringing to an end nearly two decades of intermittent negotiations. The agreement marks a major step forward in strengthening economic and strategic ties between India and the 27-member European bloc.

The trade deal is expected to significantly reduce or remove tariffs on a wide range of goods and services, improving access for businesses on both sides. Indian sectors such as textiles, pharmaceuticals, gems and jewellery, and information technology services are likely to benefit from easier entry into European markets. At the same time, European companies will gain improved access to India’s large and fast-growing consumer base.

Officials said the agreement also focuses on expanding cooperation in services, investment, supply chains and professional mobility. The deal is expected to boost bilateral trade, encourage foreign investment and create new employment opportunities.

Talks on the agreement began almost 20 years ago but were repeatedly stalled due to disagreements over tariffs, regulations and standards. The successful conclusion reflects changing global economic conditions and a shared interest in diversifying trade partnerships.

The agreement will now be sent for approval to the European Parliament and India’s domestic authorities before it can come into force.