EU and India reach major free trade agreement in response to global challenge | Finance
Europe has reached a free trade agreement with India, hailing it as “the mother of all deals” in its uniting of the world’s second- and fourth-largest economies. European Commission President Ursula von der Leyen said the deal sends out a “strong message that cooperation is the best answer to global challenges”, as the US continues its combative tariffs policy. She added this deal will cut up to €4bn in annual tariffs for exporters of all sizes. In the energy sphere, she said it would set up EU-India Innovation Hubs and their best talents “will get to work to advance clean energy and frontier technologies”, while a startup partnership will also be launched. Working groups will be assigned to boost energy security and efficiency along with a task force on green hydrogen to foster cooperation on… Read More »EU and India reach major free trade agreement in response to global challenge | Finance