INDIA-EU PACT OPENS WINDOW TO ENDING U.S. TRADE HEGEMONY

AFTER negotiations stretching almost two decades, India has finally inked a far-reaching trade pact with the European Union.

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Ironically, both sides have Donald Trump's fickle tariffs to thank for this belated sense of urgency.It’s not without reason the free trade agreement is spoken of as the ‘mother of all deals’—it not only covers a quarter of the world’s population, but also accounts for a third of global trade. The EU is already India’s largest partner, with trade between the two touching $142 billion in 2024, nearly an eighth of India’s total. The number is poised to surge once the FTA is ratified by both sides, a process that’s likely to take more than a year.