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India and the European Union (EU) signed a Free Trade Agreement (FTA) on Tuesday. This is considered to be the biggest trade agreement till date. European Commission President Ursula von der Leyen has called it the ‘Mother of All Deals’.
Media from Europe to America has covered this FTA. Know what the media around the world said on India-EU FTA…
Bloomberg wrote – a befitting reply to Trump
Bloomberg wrote – Giving a befitting reply to Trump, the European Union and India made the ‘biggest agreement’. The European Union and India have signed a free trade agreement after almost two decades of negotiations.
The agreement is part of efforts to deepen economic ties, which have been accelerated by the Trump administration’s aggressive tariff policies.
“We have reached the biggest deal ever, creating a free trade area of two billion people that will benefit both sides,” European Commission President Ursula von der Leyen said in a post on social media on Tuesday.
On this special occasion, European Council President Antonio Costa was also in New Delhi with Ursula.
NYT said- India-EU strengthened relations under the shadow of Trump
American newspaper New York Times wrote on FTA – India-EU have strengthened trade relations under the shadow of Trump. After nearly two decades of negotiations, a major trade agreement has finally been reached. On Tuesday, both sides announced this free-trade agreement.
This agreement has come at a time when due to the policies of US President Donald Trump, questions are being raised on the global system and old alliances.
At the same time, China is filling the world markets with cheap goods and America is no longer considered as reliable an economic partner as before.
European Commission President Ursula von der Leyen and European Council President Antonio Costa joined Prime Minister Narendra Modi as chief guests at the Republic Day celebrations in New Delhi on Monday. During this time, agreement was reached regarding this agreement.
BBC said- India-EU made a historic agreement
BBC wrote- India and the European Union have announced a historic trade agreement after almost two decades of intermittent negotiations. Both sides aim to deepen ties amid tensions with the US.
“We did it, we did the biggest deal ever,” European Commission President Ursula von der Leyen said at a media briefing in Delhi. Indian Prime Minister Narendra Modi described the agreement as “historic”.
This will enable free trade in goods between the Group of 27 European countries and the world’s most populous country, which together constitute about 25% of global GDP and a market of two billion people.
This agreement is expected to significantly reduce tariffs and expand market access for both parties. The special thing is that the tariff on cars which is currently up to 110%, will be reduced to 10%.
Aljazeera said- India-EU made ‘Mother of all deals’
Aljazeera wrote- India and the European Union have agreed on a huge trade agreement. This was announced by European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi.
On Tuesday, Layne said in a post on X that both sides were making history today. He further said, “We have completed the largest agreement ever. We have created a free trade area of two billion people, which will benefit both sides.”
Modi said that after almost two decades of intermittent talks, a historic agreement has been reached. He praised its benefits ahead of a meeting with von der Leyen and European Council President Antonio Costa.
He said, “This agreement will bring many opportunities for India’s 1.4 billion population and millions of people of the European Union.”
French media said – FTA will reduce tariffs in many sectors
French media Le Monde said- India and the European Union (EU) have finalized a major free-trade agreement after nearly 20 years of long negotiations.
On Tuesday, January 27, both sides announced this historic agreement. It has been described as the “Mother of All Deals” i.e. the biggest deal of all deals.
The purpose of this agreement is to reduce or completely eliminate tariffs imposed on almost all exports of European countries. This will create a huge common market of about 2 billion people.
According to the European Union, under this agreement, tariffs on about 97 percent of goods coming to India from Europe will be reduced or eliminated. This will save European companies about 4 billion euros (about 4.75 billion dollars) every year.
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Read this news also…
India-European Union trade deal after 18 years: Tariff on imported luxury cars reduced from 110% to 10%, 20% tax on premium liquor instead of 150%.
After 18 years of long negotiations, a Free Trade Agreement (FTA) was signed between India and the European Union (EU). The leaders of India and the European Union announced this during the 16th India-EU Summit on Tuesday.
According to news agency PTI, this agreement is likely to be implemented in 2027. After this deal, the tax on European cars like BMW and Mercedes in India will be reduced from 110% to 10%. Read the full news here…
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