Brief by Shorts91 Newsdesk / 04:14pm on 20 Jan 2026,Tuesday India Global
European Commission President Ursula von der Leyen announced at Davos that the EU-India free trade agreement is nearing completion, calling it "the mother of all deals" creating a 2-billion-people market representing nearly 25% of global GDP. Negotiations, stalled since 2007 and revived in 2022, aim to diversify EU's China dependence while strengthening India's manufacturing competitiveness. Bilateral goods trade reached €124 billion in 2023, with services at €60 billion. Key sticking points include EU's demands for automobile and wine tariff cuts versus India's push for skilled professional mobility. Von der Leyen's upcoming India visit aims to resolve contentious issues ahead of the India-EU leaders' meeting this month. (PC: Reuters)
