January 29, 2025 — The European Union and India have agreed to a massive free trade agreement (FTA) that will slash or eliminate tariffs on most goods.
“The E.U. and India make history today, deepening the partnership between the world’s biggest democracies,” European Commission President Ursula von der Leyen said in a release. “We have created a free trade zone of 2 billion people, with both sides set to gain economically. We have sent a signal to the world that rules-based cooperation still delivers great outcomes. And, best of all, this is only the start; we will build on this success and grow our relationship to be even stronger.”