Brief by Shorts91 Newsdesk / 02:21pm on 24 Jan 2026,Saturday India Global
India and the European Union are expected to finalize a long‑pending Free Trade Agreement (FTA) this Tuesday during the India‑EU summit in New Delhi. The agreement will cut tariffs on European cars and wine while opening EU markets to Indian goods like textiles, electronics, and chemicals. Bilateral trade, which reached $136.5 billion in 2024‑25, is likely to grow significantly after the deal. Some challenges remain, including sensitive tariff reductions and non‑tariff barriers like carbon levies. Once signed, EU Parliament ratification may take over a year, but the pact marks a major step in India‑EU economic cooperation. (PC: Bloomberg)
