India and the European Union on Tuesday announced they had finalized the "mother of all deals," a huge trade pact to create a market of two billion people, reached after two decades of negotiations, as they seek to hedge against fickle ties with the U.S.
The deal is expected to double EU exports to India by 2032 by βeliminating or reducing tariffs in 96.6% of traded goods by value, and will βlead to savings of 4 billion euros ($4.75 billion) in duties for European companies, the EU said.
The EU will c
Continue Reading on Daily Sabah
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.