India and EU conclude talks on ‘mother of all deals’, ending negotiations that started in 2007
The Hindu
India and the European Union announced the conclusion of negotiations over a free trade agreement that would see the EU drop tariffs on 99.5% of items India exports to the region, with most tariffs going down to 0% immediately once the agreement comes into effect.
India and the European Union (EU) on Tuesday (January 27, 2026) announced the conclusion of negotiations over a free trade agreement (FTA) that would see the EU drop tariffs on 99.5% of items India exports to the region, with most tariffs going down to 0% immediately once the agreement comes into effect.
India, on the other hand, has given tariff concessions on 97.5% of the traded value between the two economies.
India-EU Summit updates on January 27, 2026
Commerce Minister Piyush Goyal and European Commissioner for Trade and Economic Security Maroš Šefčovič on Tuesday signed the joint announcement on the conclusion of the negotiations on the FTA, in the presence of Prime Minister Narendra Modi and European Commission President Ursula von der Leyen, as well as President of the European Council António Costa.
The conclusion of negotiations on the FTA marks the end of a two-decades-old process, after talks were first launched in 2007. Following several hiccups and pauses to the talks, they were resumed in 2022 with both sides agreeing to exclude issues on which agreement had been elusive.
According to officials in the Ministry of Commerce and Industry, the language in the document will first be cleaned up over the next 10-15 days, following which it will undergo “legal scrubbing”. It is only then that it will be sent to all 27 EU member states after being translated, before it is ratified by the European Parliament.
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