
India, EU on cusp of historic trade deal: What’s agreed, what are the sticking points?
India and the EU are nearing a historic trade agreement that could create a combined market of two billion people and nearly a quarter of global GDP. The deal aims to cut tariffs on European cars and wine, boost Indian exports like textiles and chemicals, and expand bilateral trade exceeding $190 billion. Key sticking points include phased tariff cuts, data security, and concerns over the EU's carbon border levy and non-tariff barriers, with ratification potentially facing parliamentary hurdles.