**Article:**
European Union and Indian leaders are meeting in New Delhi to conclude a free trade agreement that has been in discussion for nearly 20 years. The summit on Tuesday is expected to result in the formal signing of the deal, which aims to enhance economic ties between the two regions. Alongside the trade pact, the leaders will also establish a new security partnership to strengthen cooperation on global and regional issues.
The agreement is anticipated to reduce tariffs and improve market access for goods and services, benefiting businesses and consumers on both sides. It also marks a significant step in deepening diplomatic relations and addressing shared challenges such as climate change and geopolitical stability.
**Why this matters**
The EU-India trade deal represents one of the largest economic partnerships between a major global economy and a rapidly growing market. Finalizing the agreement could boost trade volumes, create jobs, and support sustainable development initiatives. Additionally, the security partnership reflects a mutual interest in promoting peace and stability in the Indo-Pacific region and beyond.
Source: NewsData