In a breakthrough for global trade, India and the EU have sealed a comprehensive Free Trade Agreement, celebrated as one of the most significant pacts in recent history. Dr. Sanjeev Sarn, ex-head of the textiles export council, described it as a ‘splendid and historic’ milestone in his insights to reporters.

‘India’s political stability, strong administration, and sectoral strengths, especially in textiles, make this a perfect fit,’ Dr. Sarn noted. The deal mitigates losses from protectionist tariffs elsewhere, guaranteeing access to vast new markets and spurring investments, partnerships, and jobs.

Balanced and mutually beneficial, the FTA supercharges India’s labor-heavy industries. With tariff eliminations, textiles, apparel, leather goods, and jewelry will flood EU shelves competitively, naturally driving employment upward.

Dubbed the ‘Mother of All Deals,’ the agreement concluded on January 27 after a 17-year journey from 2007, paused in 2013, and restarted in 2022. It covers a market of 2 billion consumers and 25% of world GDP, with the EU cutting duties on nearly all Indian goods and India reciprocating on most EU imports.

This pact positions India as a trade superpower, fostering economic ties that promise sustained growth. Businesses are already gearing up for the opportunities ahead, from expanded production lines to innovative collaborations across borders.