The Breakdown 25

• India and the European Union have forged a historic Free Trade Agreement after nearly two decades of negotiations, heralding it as the "mother of all trade deals" that promises to reshape their economic futures.
• This landmark agreement will slash tariffs on over 90% of EU exports to India, opening up vast new markets and opportunities for businesses on both sides.
• With the potential to benefit around 2 billion people, the deal enhances India's position in the global economy and attracts European investments, particularly in key sectors like automotive and textiles.
• Excluded from the deal are sensitive agricultural products such as rice, indicating ongoing concerns about food safety and domestic market stability amidst this significant shift in trade dynamics.
• As the EU diversifies its trade partnerships away from reliance on the U.S. and China, this agreement not only boosts economic ties but also underscores India's growing geopolitical importance.
• Broader implications loom as the trade pact raises questions about immigration policies and job creation, reflecting the interconnected nature of global trade and socio-economic landscapes.