India-EU Free Trade Agreement (2026)
India and the European Union concluded negotiations for a comprehensive free trade agreement on January 27, 2026, at a summit in New Delhi attended by PM Modi, European Commission President Ursula von der Leyen, and European Council President Antonio Costa. The negotiations had originally been launched in 2007, suspended in 2013, and relaunched in 2022. The 14th and final formal negotiating round took place in October 2025. The agreement is being described as the largest trade deal ever concluded by either side, creating a combined market of 2 billion people and nearly 25% of global GDP.
- Negotiations spanned nearly two decades (2007-2026) with a suspension from 2013 to 2022
- The deal covers 20 of 24 negotiating chapters including trade in goods, services, investment protection, digital trade, and dispute settlement
- Tariffs on 96.6% of EU goods exports to India would be eliminated or reduced, saving up to 4 billion euros per year in duties
- The EU is a 27-nation bloc with a combined GDP of approximately $18-19 trillion
- India-EU bilateral trade: approximately $120-130 billion annually
● Tracked since February 10, 2026 · last seen May 18, 2026 · updates as the daily brief publishes
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