BREAKING: India, EU sign historic trade deal

India and EU announced the trade deal in presence of Prime Minister Narendra Modi and European Commission president Ursula von der Leyen.

The deal — often described as the “mother of all trade deals” — aims to reduce or eliminate tariffs on over 90% of goods traded between the two economies, expand market access, and deepen economic integration between India and the EU.

The deal is seen as strategically important amid global trade tensions, helping India diversify its trade partnerships beyond traditional markets and strengthen economic ties with the EU — one of its largest trading partners.

PM Modi addressing the press conference. Photo: BJP/X

Speaking at a joint press conference with the EU president, PM Modi said, "Yesterday marked a historic moment, as for the first time, the leader of the European Union participated as the chief guest at India's Republic Day celebrations.

"Today, we witness yet another significant milestone, as the world’s two largest democratic powers open a new, decisive chapter in their relationship."

PM Modi addressing the press conference. Photo: BJP/X

"In recent years, the partnership between India and the EU has made remarkable progress. Driven by shared democratic values, economic synergy, and strong people-to-people connections, our relationship is reaching new heights.

"Currently, bilateral trade between India and the EU stands at 80 billion euros, and more than 800,000 Indians now reside in various European countries," he added.