German Chancellor Friedrich Merz announced that negotiations for the European Union’s trade agreement with India have been largely completed. The development marks a significant milestone in long-standing talks, raising expectations of a formal conclusion soon. The pact is seen as a strategic response to global economic fragmentation and protectionism.
In a major announcement from Rome, German Chancellor Friedrich Merz confirmed that the European Union’s trade agreement with India has reached an advanced stage, with most negotiations finalized. The deal, long in discussion, is expected to reshape economic ties between the two blocs and strengthen cooperation in an era of rising global trade uncertainty.
Key Highlights:
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Merz emphasized that the agreement represents a rare opportunity for major economies to align around predictable, rules-based trade.
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The pact is being framed as a strategic counter to protectionist trends and tariff tensions worldwide.
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India currently accounts for only a small share of EU trade, but the deal could significantly expand market access for both sides.
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European leaders are expected to travel to India for Republic Day celebrations, signaling momentum toward a formal signing.
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The agreement is being described as potentially “the mother of all deals,” creating a market that could impact nearly two billion people.
Sources: Reuters, The Economic Times, ScanX News