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The EU and India finalized a major free trade deal cutting tariffs, benefiting 200 million people, with implementation expected in a year.
The EU-India Free Trade Agreement, finalized after years of negotiations, eliminates or reduces tariffs on nearly all trade between the bloc and India, creating one of the world’s largest free trade zones and benefiting around 200 crore people.
Austrian State Secretary Alexander Proll called it a transformative "mother of all deals," highlighting cooperation in artificial intelligence, supply chains, and innovation.
The agreement, pending final legal review and ratification by EU and Indian authorities, aims to strengthen mutual economic dependencies and support democratic, human-centered AI development.
Implementation is expected within the next year.
La UE y la India finalizaron un importante acuerdo de libre comercio que reduce los aranceles, beneficiando a 200 millones de personas, y cuya aplicación se espera en un año.