India and the EU are set to announce on Tuesday what New Delhi has described as the “mother” of all its recent trade deals, a historic agreement intended to reduce the reliance of both parties on the US and China.
The EU said the deal, sealed during a visit to India by European Commission president Ursula von der Leyen and European Council president António Costa, would “open markets, remove barriers and strengthen critical supply chains in clean technologies, pharmaceuticals and semiconductors”.
Tariffs imposed by US President Donald Trump on goods from India and the EU have spurred them to complete negotiations that they began almost two decades ago.
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