India-EU free trade agreement almost signed after nearly 2 decades
India and the European Union are finally wrapping up their Free Trade Agreement talks, with no confirmed signing date announced.
EU Trade Commissioner Maros Sefcovic sounded optimistic after meeting Commerce Minister Piyush Goyal, and leaders like PM Modi and Ursula von der Leyen will be present for the big moment.
Why should you care?
This deal could make a real difference for both sides—many labour-intensive exports such as textiles, leather and footwear may get tariff-free access to Europe, opening up new markets and jobs.
The EU gets easier entry for its machinery and chemicals in India, which could help lower costs here.
Sensitive Indian farm sectors like dairy are protected, so local farmers aren't left out.
Experts say this agreement aims to boost trade without hurting homegrown industries—pretty major for around 1.95 billion people connected by these economies.