India and the European Union have finalized a long-awaited Free Trade Agreement that significantly reduces import tariffs on European cars. Under the deal, duties will be cut from up to 110% to nearly 10% on a limited annual quota.
At India Energy Week 2026, Prime Minister Narendra Modi highlighted the historic India-EU Free Trade Agreement, calling it the “Mother of All Deals.” The FTA is expected to boost trade, investment, manufacturing, and employment, strengthening India’s role in the global economy.
India and the EU are on the verge of a “mother of all deals,” creating a market of 2 billion people and reshaping global trade. With Republic Day talks with Modi imminent, the world waits to see how this historic pact could shift economic and strategic alliances.
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