U.S. and India seal trade deal
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India and the European Union have signed a landmark free trade agreement being called "mother of all deals" as it represents about a third of global trade.
The recent India-US trade agreement, alongside the India-EU Free Trade Agreement, marks a pivotal shift in India's economic and geopolitical status, positioning the nation as a vital global growth engine.
In an agreement that seemingly bodes well for the flow of pharmaceuticals between the two regions, the EU and India on Monday agreed to a sweeping free trade agreement that the European bloc has dubbed “the largest such deal ever concluded by either side.”
The Prime Minister Shri Narendra Modi shared glimpses of the conclusion of the historic India-EU Free Trade Agreement. “European Council President António Costa and European Commission President Ursula von der Leyen and I are delighted to announce the conclusion of the historic India-EU Free Trade Agreement”,
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The piece outlines how the EU–India FTA reshapes goods, services, and investment flows. It explains tariff cuts, service commitments, and the long-term economic benefits for both
India’s prime minister, Narendra Modi, confirmed the reduction in tariffs, though he was mum on Mr Trump’s claim that India had committed to buy more American goods, including $500bn worth of energy and agricultural products.
India's financial markets rallied sharply on Tuesday (February 3) after a trade deal that slashed U.S. tariffs on Indian goods to 18% from 50%, a development that investors said lifts a key negative for the country's stocks,