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India and the European Union have reached a:
Landmark free trade agreement
The landmark free trade agreement reached by India and the European Union have been dubbed by leaders as the:
“Mother of all deals”
The landmark free trade agreement reached by India and the European Union holds:
Major geopolitical significance
The landmark free trade agreement reached by India and the European Union holds major geopolitical significance beyond its:
Economic benefits
Who is India’s largest trading partner?
EU
Trade in goods between India and the EU totaled over _____ in 2024
$142 billion
Talks on the India-EU trade deal have been stalled for ______ until now
Two decades
A key factor driving the India-EU breakthrough is:
Global uncertainty
A key factor driving the breakthrough is global uncertainty, especially under:
Trump’s administration
Trump uses tariffs as:
Both leverage and punishment
Examples of Trump’s tariffs:
50% duties on Indian goods and threats against EU members
Trump’s tariffs used as both leverage and punishment have prompted India and the EU to:
Hedge their bets
Trump’s tariffs have prompted India and the EU to hedge their bets by:
Deepening cooperation
Experts suggest the ______ accelerated cooperation between India and the EU
Unpredictability of U.S. policy
Experts suggest the unpredictability of U.S. policy accelerated:
Cooperation between India and EU and other recent trade agreements worldwide
Example of recent trade agreement other than India-EU trade deal:
EU’s deal with Mercosur
For India, the India-EU trade deal offers:
New markets and partnerships
For India, the India-EU trade deal offers new markets and partnerships that can reduce:
Dependency on China
For India, the India-EU trade deal offers new markets and partnerships that can complement:
Long-standing defense ties with Europe
For the EU, the India-EU trade deal means:
Access to Asia’s fastest-growing large market and reduced reliance on Beijing
Both India and the EU see the India-EU trade deal as a:
Signal of resilience against the “weaponisation” of trade
Does the India-EU trade deal face legal and political hurdles?
Yes
The India-EU trade deal must undergo:
Detailed legal review and ratification by EU member states and the European Parliament
The detailed legal review and ratification by EU member states and the European Parliament of the India-EU trade deal is similar to the:
Difficult Mercosur process
Remaining disagreements involved with the India-EU trade deal include:
Intellectual property, agriculture, and emissions standards
Despite challenges, business groups in both regions have welcomed the India-EU trade deal as a vital first step toward:
Greater economic and strategic cooperation
The India-EU trade deal subtle challenges:
Washington’s trade dominance