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EU-India FTA explained: Luxury cars, wine, medicines get cheaper
28 January,2026 12:48 AM
India and the European Union have signed a landmark free trade agreement after nearly 18 years of stop-start negotiations, in what European leaders are calling the “mother of all trade deals.” The timing is critical. India is currently facing steep 50 per cent tariffs on key exports to the United States, while Europe is under fresh tariff threats from President Donald Trump amid disputes involving Greenland and wider security concerns. Who benefits from the trade deal the most? Here is all you need to know.
