The EU–India summit kicked off this week in New Delhi, marking a critical moment in the decade-long effort to finalize a free trade agreement (FTA) between the two economic giants. Negotiators aim to remove tariffs on European exports — particularly cars, wines, and luxury goods — while expanding access for Indian products like electronics, textiles, and chemicals in the EU market. Both sides view the deal as a way to reduce dependency on China, strengthen resilient supply chains, and stimulate two-way trade worth tens of billions of euros.
The summit features Commission President Ursula von der Leyen, Council President António Costa, and Trade Commissioner Maroš Šefčovič, who described the potential agreement as the “mother of all deals” for Europe’s presence in Asia. Parallel discussions touched on security cooperation and the Ukraine war, highlighting India’s growing diplomatic role.
Implications for Global Trade
For global buyers and suppliers, this summit signals major shifts in sourcing opportunities and regulatory standards. Indian exporters could gain easier certification paths into EU markets, while European manufacturers may find new cost-effective supply chains and access to India’s rapidly expanding consumer base. If concluded, the FTA could reshape trade flows across manufacturing, energy, and digital sectors within the next few years.
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