European Commission President Ursula von der Leyen announced at the World Economic Forum in Davos that the EU and India are close to concluding a major free trade agreement, calling it the "mother of all deals" for creating a 2 billion-person market representing nearly a quarter of global GDP. Negotiations revived in 2022 have seen substantial progress, with von der Leyen's upcoming India visit and a leaders' meeting this month expected to resolve remaining issues on tariffs, mobility, and sustainability. The pact aims to boost cooperation in clean energy, pharmaceuticals, and digital services amid geopolitical shifts.

European Commission President Ursula von der Leyen announced at the World Economic Forum in Davos that the EU and India are close to concluding a major free trade agreement, calling it the "mother of all deals" for creating a 2 billion-person market representing nearly a quarter of global GDP. Negotiations revived in 2022 have seen substantial progress, with von der Leyen's upcoming India visit and a leaders' meeting this month expected to resolve remaining issues on tariffs, mobility, and sustainability. The pact aims to boost cooperation in clean energy, pharmaceuticals, and digital services amid geopolitical shifts.