EU Teases 'Mother of All Trade Deals' with India

Watch on YouTube ↗  |  January 21, 2026 at 07:23  |  3:38  |  Bloomberg Markets
Speakers
Shruti Shrivastava — Reporter, Bloomberg
Ursula von der Leyen — President, European Commission

Summary

The segment covers the European Union's announcement that it is close to a historic free trade agreement with India. Bloomberg's Shruti Srivastava explains the deal's long history and its economic significance, including the EU's role as a major market for Indian exporters. She says the agreement would help India diversify away from US tariffs and is also critical for the EU amid tensions with the US and China. The discussion also notes India's other trade negotiations and the uncertain outlook for a US trade deal.

  • EU says it is on the cusp of a historic trade deal with India.
  • Talks began in 2007, paused in 2013, and resumed in 2022.
  • EU-India bilateral trade was $135 billion in 2024.
  • India aims to diversify exports and reduce the impact of high US tariffs.
  • The EU views the deal as critical amid US and China trade tensions.
  • India is also pursuing agreements with Chile, Peru, the UK, Oman, and New Zealand.
  • Prospects for a faster US-India trade deal remain unclear.
Ideas
Shruti Shrivastava Reporter, Bloomberg 1:52
EU deal helps India diversify exports
The EU-India free trade agreement is a significant positive for India and its exporters. The EU is already one of India's largest markets, with bilateral trade at $135 billion in 2024 and the EU a significant destination for Indian exporters. Securing the deal would help India diversify away from the US market and blunt the impact of high US tariffs on Indian goods, while supporting efforts to find new export markets.
INDA Indian exporters HIGH
Shruti Shrivastava Reporter, Bloomberg 2:17
EU deal critical amid US tensions
The EU-India trade agreement is critical for the European Union because it comes as Europe navigates a treacherous relationship with the US, including Trump's Greenland ambitions, and escalating trade tensions with China. The deal is a big deal for both sides and gives Europe a significant trade diversification outlet.
European Union MED
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This Bloomberg Markets video, published January 21, 2026, features Shruti Shrivastava discussing INDA, Indian exporters, European Union. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Shruti Shrivastava  · Tickers: INDA, Indian exporters, European Union