EU and India announce ‘mother of all deals’ representing 25% of global GDP.
https://www.france24.com/en/asia-pacific/20260126-eu-and-india-to-announce-mother-of-all-deals-representing-one-third-of-global-trade
Posted by coinfanking
EU and India announce ‘mother of all deals’ representing 25% of global GDP.
https://www.france24.com/en/asia-pacific/20260126-eu-and-india-to-announce-mother-of-all-deals-representing-one-third-of-global-trade
Posted by coinfanking
25 Comments
EU and India clinch mega FTA, creating a $27 trillion-ish market (25% global GDP). Announced today at summit. Thoughts on impacts, jobs, prices, geopolitics amid Trump tariffs?
Rip EU
“EU to launch Legal Gateway Office in India for students and jobseekers”. We already have high unemployment, let’s finish it off with cheap labor.
The European Union and India announced a vast trade pact on Tuesday that Prime Minister Narendra Modi said would represent about one-third of global trade. EU and Indian leaders hope the pact will shore up their economies against challenges from the US and China.EU and Indian leaders hope the pact will shore up their economies against challenges from the US and China.
European firms will get privileged access to the Indian financial services and maritime transport market, the bloc said.
The agreement will cut or eliminate tariffs on almost 97 percent of European exports, saving up to €4 billion annually in duties, the 27-nation bloc said.
Europe’s key agricultural, automotive and service sectors stand to gain.
Under the agreement, India is expected to ease market access for key European products.
Tariffs on cars will be gradually lowered from a top rate of 110 percent to as low as 10 percent, while duties on wines progressively go down from 150 percent to as low as 20 percent.
Currently at 50 percent, tariffs on processed foods – including pasta and chocolate – will be eliminated, according to the EU.
For India, it would boost sectors including textiles, gems and jewellery, and leather goods, as well as the service sector, Modi said.
Amazing, thank Trump for bringing together the sane world and alienating USA.
Art of the Deal! Make America Great Again 😂 🇮🇳🇪🇺
Did they stop supporting russia? What is this? Hope the parliament gets to vote on this.
People cheering this deal are being wildly delusional. Free trade sounds nice when you say it fast, and ignore who actually pays the price. European industry is already struggling, and this just piles more pressure on workers who are barely holding on.
This will fuck normal Europeans first and hardest. Factory workers, small business owners, and entire regions depend on local industry surviving. Competing with producers that have far lower wages, weaker labor protections, and cheaper energy is not competition, it is slow motion outsourcing.
Meanwhile, the winners are obvious. Multinationals and billionaires get new markets, cheaper labor, and higher margins. They will call it efficiency and growth, while regular people deal with layoffs, lower wages, and disappearing jobs. Wealth goes up, but it flows straight to the top, like always.
People act like trade deals magically benefit everyone, but history says otherwise. We open our markets, cut our own industries at the knees, and then act surprised when inequality explodes even more. Cheering this without questioning who benefits is not being optimistic, it is being naive.
Ask Canada how well opening the floodgates with India worked out for them.
Some of you might die, but it’s a sacrifice I’m willing to make to save German car manufacturers
Not a good deal for the workers in Europe whatsoever
This headline is misinformation and is just embarrassing to be pretending a “deal” is bigger than it is. Just because you quote Modi talking bullshit doesn’t mean a newspaper should quote it as fact in a headline.
EU GDP 21 trillion
India 4 trillion
Global 117 trillion
21+4 / 117 = 21% not 25%
Fuck this! We are having a lot of issues with immigrants and now we will be getting flooded with indians too.
Far right parties will win next elections 100%. Morons!
Ok, but don’t let Indians come here. We can’t let 1 billion of people have free passes
representing 1/4 world gdp? what does that even mean? like the trade between india and europe will be 1/4 of world GDP?
us gdp is roughly 1/4 of world gdp. is he saying the trade will be the same as us gdp?
It was a matter of time with costa
Out of all possible allies? Yikes.
Trying to stabilise our relationship with China would’ve been more useful. At least they’re gonna do less harm to our data than the US, while causing no direct harm to our labour market since migration out of China is quite strictly regulated internally by China.
Why the fuck are we doing any deals with India?
The world’s been going too fast for the past 6 years… can we slow down and rethink our life choices before acting?
Wake up people. Havent you see what Australia/Canada/NZ went through?
in 70 years i’ll be telling my grandchildren “ya know, USA used to be a big deal back in day”.
“Yeah right gramps”
Housing crisis in Europe but let’s make a deal with India to flood Europe with Indians. Oh and which country do you reckon they will go to, the English speaking one, Ireland
The EU continues to fuck over its people.
Our people and our continent is over man, thousands of years will become a memory.
Canada 2.0?
Since I’ve seen a few Europeans asking about Canada and it’s immigration problem I’d figured I’d link a pretty good video about the problem here
https://youtu.be/HvraFPW6Fas?si=HvorylPs-S8WjyFK
Damn the Russian bots or out in full force to sow distrust
Student visas being allowed for Indians? We tried that in Canada and they abused the hell out of the system. Not saying all Indian students are fake but Indian student visa fraud is very common and rampant. Learn from our mistakes and only allow visas for accredited universities