India EU Trade Deal News Live: Next steps and trade impact outlook
European Commission President Ursula von der Leyen, on a four-day India visit starting January 24, is set to discuss the deal at a January 27 summit with Prime Minister Narendra Modi and European Council President Antonio Costa. With bilateral goods trade estimated at $136 billion in 2024-25, the EU remains India’s largest trading partner. The pact will require legal checks, joint signing, EU Parliament ratification and Indian Cabinet approval. Experts say the deal is expected to boost trade without significantly hurting domestic industries, given the complementary nature of the two economies.