Summary
India and the European Union (EU) are set to announce a major trade deal after years of negotiations. This agreement aims to enhance trade links between India and the EU amid global economic pressures. The formal signing will take place after the EU's approval processes are completed.
Key Facts
- India and the EU have been negotiating a trade deal for nearly two decades.
- India's Commerce Secretary confirmed that the negotiations are final.
- The EU's leaders are in India for the announcement.
- This deal comes in response to global trade tensions, including with the US.
- President Donald Trump's tariffs on India are part of ongoing trade discussions.
- The deal will increase access for Indian and European goods in each other's markets.
- The EU is India's largest trading partner in goods.
- Formal signing of the deal will take place after the EU approves it.
