From India-EU trade deal to heatwave in Melbourne
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Goods traded between India and the EU in 2024 amounted to over 120 billion euros (about $140 billion), making it New Delhi's largest trading partner.
After nearly 20 years of negotiations, the two sides struck a far-reaching agreement that officials called “the mother of all trade deals.”
European Council President Antonio Luis Santos da Costa shared a light moment when he unexpectedly took out his OCI (Overseas Citizen of India) card and spoke about his Goan roots.
European wines will enter the Indian market at reduced prices under a free trade agreement that will significantly lower import duties. Indian wines will also gain access to EU markets, with concessions announced for both sides.
India and the European Union have finalized an 18-year-long Free Trade Agreement, featuring extensive tariff cuts on over 90% of EU goods. This pact aims to double EU exports to India by 2032 and includes €500 million in climate support funding for India's emissions reduction efforts.