European and Indian officials have concluded a landmark free trade agreement, described by negotiators as one of the most significant economic partnerships of its kind. The comprehensive deal, which eliminates the vast majority of tariffs between the two economies, is slated for formal ratification later this year.
The agreement marks a major opening of India’s large and historically protected market to European goods and services, particularly in manufacturing. Indian Prime Minister Narendra Modi characterized the pact as a milestone, highlighting its scale in terms of global trade volume.
Sources close to the negotiations indicate that the final stages of talks gained considerable momentum in recent months. This acceleration is widely attributed to shared economic concerns, including potential market disruptions from overseas and a mutual interest in diversifying supply chains and reducing strategic dependencies.
Other Developments Across Europe
Holocaust Commemoration: Citizens and leaders across the continent observed International Holocaust Remembrance Day. Ceremonies were held at memorial sites, including Auschwitz-Birkenau in Poland and the Memorial to the Murdered Jews of Europe in Berlin, to honor the victims of Nazi persecution.
Arctic Diplomacy: The prime ministers of Denmark and Greenland are undertaking a diplomatic tour of European capitals this week. The visits are focused on discussing Arctic security and economic development, following recent geopolitical interest in the region from abroad.
Olympic Security Controversy: Plans for a unit of U.S. immigration enforcement agents to have a security support role at the upcoming Winter Olympic Games in Italy have sparked significant political controversy and local opposition.
Ukrainian Infrastructure Targeted: A state energy company in Ukraine reported that a Russian strike hit one of its facilities in the west of the country, forcing a halt to operations. The incident is part of a wider pattern of attacks on energy infrastructure amid ongoing hostilities.
Spanish Immigration Measure: The government in Madrid announced a legislative initiative to grant temporary legal residency and work permits to a large number of immigrants currently living in the country without authorisation. The measure is intended to address labour needs and integrate individuals working in key sectors.
EU Energy Policy Defence: The European Commission stated it is prepared to legally defend its policy to phase out imports of Russian natural gas, after officials from two member states suggested a potential legal challenge.
Ukraine’s EU Ambition: Ukrainian President Volodymyr Zelenskyy, in discussions with a European counterpart, reiterated his country’s goal of completing its accession to the European Union within the next few years, framing it as a crucial security objective for the continent.