‘The mother of all trade deals’: EU and India sign landmark trade agreement – Europe live | Europe

The European Union and India have signed a comprehensive trade agreement, marking the most ambitious trade opening India has granted to a partner. The deal will slash tariffs on a range of goods from both sides, including cars, machinery, chemicals, and iron and steel. Ursula von der Leyen, President of the European Commission, called it "the mother of all trade deals," while Narendra Modi, Prime Minister of India, hailed it as a "decisive chapter" in relations between the two countries. The agreement is expected to boost trade between the EU and India, which currently stands at over €180 billion annually. The deal comes amid efforts by the EU to diversify its trade partnerships following strained relations with the US under former President Donald Trump.