Historic EU-India trade deal to slash auto tariffs, double bloc’s India exports by 2032

After nearly two decades of efforts, the European Union and India have formally concluded negotiations in New Delhi for a free-trade deal, shoring up the 27-member bloc’s ambitions to diversify trade ties while navigating tariff pressure from Washington and a ballooning deficit with Beijing. The agreement, announced on Tuesday and praised by European Commission president Ursula von der Leyen as “the mother of all trade deals”, is poised to reduce or eliminate tariffs on 96.6 per cent of the EU’s...