India-EU Forge Ahead with Historic Trade Deal Amid Geopolitical Shocks

India and the EU are nearing an important trade agreement, anticipated to cover a market of two billion people, representing a quarter of global GDP. Leaders from both regions aim to solidify partnerships in trade and defense, enhancing strategic ties amid global political and economic shifts.

Amid global geopolitical disruptions, India and the European Union are on the brink of finalizing a historic trade deal. European Commission President Ursula von der Leyen has highlighted the potential for this landmark agreement to cover a massive market of two billion people, representing nearly a quarter of global GDP.

In an address at the World Economic Forum in Davos, von der Leyen emphasized the EU's commitment to bolstering trade with growing economic centers, calling the deal potentially "the mother of all deals." The EU's relationship with India, their largest trade partner, is critical as both regions navigate the complexities of current trade dynamics.

The expected formalization of the free trade agreement and a defense framework pact at the upcoming India-EU summit marks significant progress in strengthening bilateral relationships. Leaders are also set to propose a comprehensive strategic vision for 2026-2030, amid rising concerns regarding global trade policies and security challenges.