The "Mother of All Deals": India & EU negotiate.
Two economic giants are attempting to forge the biggest free trade agreement in modern history.
Together, India and the EU represent vast markets. A deal could unlock billions in untapped trade potential, surpassing current levels significantly.
Negotiations are complex, split into three parts: Trade (FTA), Investment Protection (IPA), and Geographical Indications (GI).
The EU's Carbon Border Adjustment Mechanism (CBAM)—a tax on high-carbon imports—is a major sticking point for Indian manufacturers.
The EU wants India to lower its notoriously high tariffs on European luxury cars and alcoholic beverages. India is cautious about protecting local industry.
oth sides view this deal as crucial for "de-risking" supply chains and reducing reliance on China in the Indo-Pacific region.
With elections on both sides now past, political will is high. But can they bridge the technical gaps to sign the "Mother of All Deals"?