The India-EU Trade Deal: What It Delivers and What It Doesn't
For most of the last decade, a trade deal between India and the EU seemed unlikely. The nudge came as the world changed around both. Nicolas points to three converging forces: the pressure of US tariffs under Trump, which gave both sides political incentive to show they had other partners; the shared interest in reducing dependence on China for critical supply chains; and India's loss of GSP preferential treatment in the EU from January this year, which created a very concrete economic urgency on the Indian side. Together, these forces did what years of diplomatic goodwill could not.
The deal…
The skinny
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