Key Metrics
13.34
Heat Index-
Impact LevelMedium
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Scope LevelGlobal
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Last Update2026-01-21
Key Impacts
Positive Impacts (14)
Event Overview
The agreement aims to enhance economic cooperation, creating a large market with significant global GDP. It addresses the challenges posed by U.S. tariffs and provides European nations with a strategic advantage in trade with a fast-growing economy.
Collect Records
EU and India to Announce 'Historic' Trade Agreement
The President of the European Commission, Ursula von der Leyen, announced that the EU and India are on the verge of finalizing a 'historic' trade agreement. This free trade agreement is aimed at strengthening ties and boosting the economy, especially in the face of increasing threats from U.S. tariffs. The deal will create a market with 2 billion people, representing nearly a quarter of the global GDP. It will also give European countries a head start in trading with India, a rapidly growing major economy. Von der Leyen plans to visit India next week and is expected to announce the agreement during her visit.