{"id":16119,"date":"2026-01-27T08:55:37","date_gmt":"2026-01-27T08:55:37","guid":{"rendered":"https:\/\/microvibenews.com\/?p=16119"},"modified":"2026-01-27T08:55:37","modified_gmt":"2026-01-27T08:55:37","slug":"the-mother-of-all-trade-deals-eu-and-india-sign-landmark-trade-agreement-europe-live-europe","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=16119","title":{"rendered":"\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live | Europe"},"content":{"rendered":"<p><\/p>\n<div id=\"liveblog-body\"><span class=\"dcr-90inr0\"><gu-island name=\"KeyEventsCarousel\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;keyEvents&quot;:[{&quot;id&quot;:&quot;697870338f0821ffdc6c69eb&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;The &lt;a href=\\&quot;https:\/\/www.theguardian.com\/world\/eu\\&quot; 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prime minister Narendra Modi, European Council president Antonio Costa and European Commission president Ursula von der Leyen hold a joint press statement at the Hyderabad House in New Delhi, India.&quot;,&quot;caption&quot;:&quot;Indian prime minister Narendra Modi, European Council president Antonio Costa and European Commission president Ursula von der Leyen hold a joint press statement at the Hyderabad House in New Delhi, India.&quot;,&quot;credit&quot;:&quot;Photograph: Altaf Hussain\/Reuters&quot;}},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;The accord would open up India\u2019s vast and highly guarded market,&lt;\/strong&gt; with New Delhi slashing tariffs on cars to 10% over five years from as high as 110%, Reuters reported. The deal will also cut tariffs on a slew of EU goods coming to &lt;a href=\\&quot;https:\/\/www.theguardian.com\/world\/india\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;India&lt;\/a&gt; including machinery, electrical equipment, chemicals and iron and steel, the EU said.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;7ef2d476-b9bf-48c0-acb0-61d4f565b8b8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The EU is &lt;a href=\\&quot;https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_26_184\\&quot;&gt;keen to stress&lt;\/a&gt; that &lt;strong&gt;the EU and India already trade over \u20ac180bn worth of goods and services per year&lt;\/strong&gt;, supporting close to 800,000 EU jobs, and the EU\u2019s goods exports to India is expected to double by 2032.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;3fdf87e9-811c-4271-abbf-913257f1cd63&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;\u201cThis is the&lt;strong&gt; most ambitious trade opening that India has ever granted &lt;\/strong&gt;to a trade partner,\u201d the bloc said, creating a market of more than 2 billion people.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;ee32c9c1-ff87-4a12-94be-a6a65708e3a8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;India\u2019s &lt;strong&gt;Narendra Modi&lt;\/strong&gt; welcomed the deal saying \u201cthe two largest democratic powers of the world are adding a decisive chapter to their relations,\u201d as he hailed \u201cthe largest ever free trade agreement in its history.\u201d The European Commission president, &lt;strong&gt;Ursula von der Leyen&lt;\/strong&gt;, went further and called it \u201cthe mother of all trade deals.\u201d&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;eb658976-92ad-4d3d-8b37-74c4f25a831c&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The agreements &lt;strong&gt;will still need to go through the usual ratification process,&lt;\/strong&gt; including by the member states and the European parliament.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;983c3b5c-fc15-4e44-9196-20b2c18fcbcb&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;But &lt;strong&gt;there is no hiding away from the fact that the deal&lt;\/strong&gt; \u2013 19 years in the making \u2013 &lt;strong&gt;gets also signed now as the EU urgently looks for new trade partners to diversify its trade&lt;\/strong&gt; given increasingly shaky relations with the US under tariff-happy &lt;strong&gt;Donald Trump. &lt;\/strong&gt;Earlier this month, the EU signed a deal with the South American bloc Mercosur, after 25 years of negotiations.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;31267e36-3393-4f3a-b67d-908812c81782&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The European Council\u2019s president &lt;strong&gt;Ant\u00f3nio Costa \u2013&lt;\/strong&gt; who holds an overseas citizenship of India thanks to his Goan roots &lt;strong&gt;\u2013 &lt;\/strong&gt;said that the deal \u201csends a &lt;strong&gt;clear message to the world at a time when the global order is being fundamentally reshaped.\u201d&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;4508961d-6fa4-4a35-9f82-936068e45139&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;I will bring you the main reactions to the deal.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;6cc2c812-3531-49b1-9f2c-bedfb5665f69&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Separately, I will be keeping an eye on the latest on Ukraine and Greenland&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d559c35d-b631-470d-9dc7-bedaa187b6ed&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;It\u2019s &lt;strong&gt;Tuesday, 26 January 2026,&lt;\/strong&gt; it\u2019s &lt;strong&gt;Jakub Krupa&lt;\/strong&gt; here, and this is &lt;strong&gt;Europe Live.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;682f75bb-77fc-4cf8-af3d-02d6c86d4c19&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Good morning.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;2062e3d9-5988-4f9c-aa0b-a6bdc3935699&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1769502990000,&quot;blockCreatedOnDisplay&quot;:&quot;08.36\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1769502947000,&quot;blockLastUpdatedDisplay&quot;:&quot;08.35\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1769502990000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.36\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.36&quot;,&quot;title&quot;:&quot;Morning opening: 'The mother of all trade deals'&quot;,&quot;contributors&quot;:[{&quot;name&quot;:&quot;Jakub Krupa&quot;,&quot;imageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2025\/01\/22\/Jakub_Krupa.jpg?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=41cc9981ec7b067e2d3b5391c5a68a4f&quot;,&quot;largeImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2025\/01\/22\/Jakub_Krupa.png?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=4a039a2b765744058f3c2c677268513e&quot;}],&quot;primaryDateLine&quot;:&quot;Tue 27 Jan 2026 08.52 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 27 Jan 2026 08.36 GMT&quot;}],&quot;filterKeyEvents&quot;:false,&quot;id&quot;:&quot;key-events-carousel-mobile&quot;,&quot;renderingTarget&quot;:&quot;Web&quot;,&quot;serverTime&quot;:1769504137418}\"><span id=\"key-events-carousel-mobile\"\/><span class=\"dcr-90inr0\"><\/p>\n<p>Key events<\/p>\n<p><\/span><\/gu-island><gu-island name=\"FilterKeyEventsToggle\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;filterKeyEvents&quot;:false,&quot;id&quot;:&quot;filter-toggle-mobile&quot;}\"><span id=\"filter-toggle-mobile\"\/><\/p>\n<div class=\"dcr-alru3r\"><label id=\"filter-toggle-mobile-switch_description\" data-component=\"filter-key-events\" data-link-name=\"filter-key-events-on\" class=\"dcr-rrspei\"><button id=\"filter-toggle-mobile-switch\" role=\"switch\" aria-checked=\"false\" aria-labelledby=\"filter-toggle-mobile-switch_description\" class=\"dcr-dh5oqp\"\/>Show key events only<\/p>\n<p><span>Please turn on JavaScript to use this feature<\/span><\/p>\n<p><\/label><\/div>\n<p><\/gu-island><\/span><\/p>\n<article id=\"block-69787cb18f081e93839c8e2b\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-130mj7b\"><strong>Chair of the European Parliament\u2019s international trade committee, Bernd Lange, said \u201cthe conclusion of negotiations with India offers a glimmer of hope amid a chaotic geopolitical situation.\u201d<\/strong><\/p>\n<p class=\"dcr-130mj7b\">\u201c<strong>The EU is not alone in its insistence on a rules-based order.<\/strong> This is only the beginning of close cooperation with India. We can build on this foundation in the future,\u201d he <a href=\"https:\/\/x.com\/berndlange\/status\/2016061530790363442\" data-link-name=\"in body link\">said<\/a>.<\/p>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;world\/live\/2026\/jan\/27\/european-union-india-trade-deal-ukraine-greenland-holocaust-news-updates-europe-live&quot;,&quot;hash&quot;:&quot;block-69787cb18f081e93839c8e2b&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-69787cb18f081e93839c8e2b&quot;},&quot;webTitle&quot;:&quot;\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live&amp;body=https:\/\/www.theguardian.com\/world\/live\/2026\/jan\/27\/european-union-india-trade-deal-ukraine-greenland-holocaust-news-updates-europe-live?CMP=share_btn_url&amp;page=with%3Ablock-69787cb18f081e93839c8e2b#block-69787cb18f081e93839c8e2b\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container ad-slot-desktop dcr-jko40v\"\/>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container dcr-jko40v\"\/>\n<article id=\"block-69787b2b8f0821ffdc6c6a20\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-130mj7b\"><strong>Germany has rushed to welcome the deal, saying it could support growth at a time of increasingly challenging ties with other major economies,<\/strong> AFP reported.<\/p>\n<p class=\"dcr-130mj7b\">\u201cThis agreement <strong>creates new opportunities for growth and good jobs<\/strong> \u2013 in <a href=\"https:\/\/www.theguardian.com\/world\/europe-news\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Europe<\/a> and India alike \u2013 while deepening the strategic partnership with the world\u2019s largest democracy,\u201d said <strong>Lars Klingbeil<\/strong>, Germany\u2019s finance minister.<\/p>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;world\/live\/2026\/jan\/27\/european-union-india-trade-deal-ukraine-greenland-holocaust-news-updates-europe-live&quot;,&quot;hash&quot;:&quot;block-69787b2b8f0821ffdc6c6a20&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-69787b2b8f0821ffdc6c6a20&quot;},&quot;webTitle&quot;:&quot;\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live&amp;body=https:\/\/www.theguardian.com\/world\/live\/2026\/jan\/27\/european-union-india-trade-deal-ukraine-greenland-holocaust-news-updates-europe-live?CMP=share_btn_url&amp;page=with%3Ablock-69787b2b8f0821ffdc6c6a20#block-69787b2b8f0821ffdc6c6a20\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<article id=\"block-69787a0a8f0821ffdc6c6a1b\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-130mj7b\">If you are after <strong>a detailed \u201cfact sheet\u201d on the deal<\/strong>, the EU\u2019s document is <a href=\"https:\/\/policy.trade.ec.europa.eu\/eu-trade-relationships-country-and-region\/countries-and-regions\/india\/eu-india-agreements\/factsheet-eu-india-free-trade-agreement-main-benefits_en\" data-link-name=\"in body link\">here.<\/a><\/p>\n<p class=\"dcr-130mj7b\">It says <strong>the agreement will save up to \u20ac4bn per year in duties on European products<\/strong> and pointedly says it is the biggest trade opening India has given to any trade partner (<em>hello UK<\/em>).<\/p>\n<p class=\"dcr-130mj7b\">Here are some specific examples from <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/qanda_26_185\" data-link-name=\"in body link\">the Q&amp;A<\/a>:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-w9py1s\">\n<p><em>\u201cFor example, <strong class=\"dcr-in3yi3\">tariffs on cars will gradually go down from 110% to 10%<\/strong> with a quota of 250,000 vehicles a year. High tariffs of up to 44% on machinery, 22% on chemicals and 11% on pharmaceuticals will be mostly eliminated.\u201d<\/em><\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;world\/live\/2026\/jan\/27\/european-union-india-trade-deal-ukraine-greenland-holocaust-news-updates-europe-live&quot;,&quot;hash&quot;:&quot;block-69787a0a8f0821ffdc6c6a1b&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-69787a0a8f0821ffdc6c6a1b&quot;},&quot;webTitle&quot;:&quot;\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live&amp;body=https:\/\/www.theguardian.com\/world\/live\/2026\/jan\/27\/european-union-india-trade-deal-ukraine-greenland-holocaust-news-updates-europe-live?CMP=share_btn_url&amp;page=with%3Ablock-69787a0a8f0821ffdc6c6a1b#block-69787a0a8f0821ffdc6c6a1b\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<article id=\"block-697870338f0821ffdc6c69eb\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Morning opening: &#8216;The mother of all trade deals&#8217;<\/h2>\n<div class=\"dcr-dzkvsd\">\n<div class=\"dcr-uae6pk\"><img src=\"https:\/\/i.guim.co.uk\/img\/uploads\/2025\/01\/22\/Jakub_Krupa.png?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=4a039a2b765744058f3c2c677268513e\" alt=\"Jakub Krupa\" class=\"dcr-lysqes\"\/><\/div>\n<p><span class=\"dcr-sa35sa\">Jakub Krupa<\/span><\/div>\n<\/header>\n<p class=\"dcr-130mj7b\"><strong>The <a href=\"https:\/\/www.theguardian.com\/world\/eu\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">European Union<\/a> has concluded trade talks with India this morning, signing also a bunch of separate deals on mobility, security, and defence, among others.<\/strong><\/p>\n<figure id=\"416f5fba-4762-443b-b1fa-54bee91dacbc\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.ImageBlockElement\" class=\"dcr-173mewl\"><figcaption data-spacefinder-role=\"inline\" class=\"dcr-fd61eq\"><span class=\"dcr-1inf02i\"><svg width=\"18\" height=\"13\" viewbox=\"0 0 18 13\"><path d=\"M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z\"\/><\/svg><\/span><span class=\"dcr-1qvd3m6\">Indian prime minister Narendra Modi, European Council president Antonio Costa and European Commission president Ursula von der Leyen hold a joint press statement at the Hyderabad House in New Delhi, India.<\/span> Photograph: Altaf Hussain\/Reuters<\/figcaption><\/figure>\n<p class=\"dcr-130mj7b\"><strong>The accord would open up India\u2019s vast and highly guarded market,<\/strong> with New Delhi slashing tariffs on cars to 10% over five years from as high as 110%, Reuters reported. The deal will also cut tariffs on a slew of EU goods coming to <a href=\"https:\/\/www.theguardian.com\/world\/india\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">India<\/a> including machinery, electrical equipment, chemicals and iron and steel, the EU said.<\/p>\n<p class=\"dcr-130mj7b\">The EU is <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_26_184\" data-link-name=\"in body link\">keen to stress<\/a> that <strong>the EU and India already trade over \u20ac180bn worth of goods and services per year<\/strong>, supporting close to 800,000 EU jobs, and the EU\u2019s goods exports to India is expected to double by 2032.<\/p>\n<p class=\"dcr-130mj7b\">\u201cThis is the<strong> most ambitious trade opening that India has ever granted <\/strong>to a trade partner,\u201d the bloc said, creating a market of more than 2 billion people.<\/p>\n<p class=\"dcr-130mj7b\">India\u2019s <strong>Narendra Modi<\/strong> welcomed the deal saying \u201cthe two largest democratic powers of the world are adding a decisive chapter to their relations,\u201d as he hailed \u201cthe largest ever free trade agreement in its history.\u201d The European Commission president, <strong>Ursula von der Leyen<\/strong>, went further and called it \u201cthe mother of all trade deals.\u201d<\/p>\n<p class=\"dcr-130mj7b\">The agreements <strong>will still need to go through the usual ratification process,<\/strong> including by the member states and the European parliament.<\/p>\n<p class=\"dcr-130mj7b\">But <strong>there is no hiding away from the fact that the deal<\/strong> \u2013 19 years in the making \u2013 <strong>gets also signed now as the EU urgently looks for new trade partners to diversify its trade<\/strong> given increasingly shaky relations with the US under tariff-happy <strong>Donald Trump. <\/strong>Earlier this month, the EU signed a deal with the South American bloc Mercosur, after 25 years of negotiations.<\/p>\n<p class=\"dcr-130mj7b\">The European Council\u2019s president <strong>Ant\u00f3nio Costa \u2013<\/strong> who holds an overseas citizenship of India thanks to his Goan roots <strong>\u2013 <\/strong>said that the deal \u201csends a <strong>clear message to the world at a time when the global order is being fundamentally reshaped.\u201d<\/strong><\/p>\n<p class=\"dcr-130mj7b\">I will bring you the main reactions to the deal.<\/p>\n<p class=\"dcr-130mj7b\">Separately, I will be keeping an eye on the latest on Ukraine and Greenland<\/p>\n<p class=\"dcr-130mj7b\">It\u2019s <strong>Tuesday, 26 January 2026,<\/strong> it\u2019s <strong>Jakub Krupa<\/strong> here, and this is <strong>Europe Live.<\/strong><\/p>\n<p class=\"dcr-130mj7b\"><strong>Good morning.<\/strong><\/p>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;world\/live\/2026\/jan\/27\/european-union-india-trade-deal-ukraine-greenland-holocaust-news-updates-europe-live&quot;,&quot;hash&quot;:&quot;block-697870338f0821ffdc6c69eb&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-697870338f0821ffdc6c69eb&quot;},&quot;webTitle&quot;:&quot;\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=\u2018The mother of all trade deals\u2019: EU and India sign landmark trade agreement \u2013 Europe live&amp;body=https:\/\/www.theguardian.com\/world\/live\/2026\/jan\/27\/european-union-india-trade-deal-ukraine-greenland-holocaust-news-updates-europe-live?CMP=share_btn_url&amp;page=with%3Ablock-697870338f0821ffdc6c69eb#block-697870338f0821ffdc6c69eb\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<\/div>\n<p>#mother #trade #deals #India #sign #landmark #trade #agreement #Europe #live #Europe<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key events Show key events onl&hellip; 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