EU Policy

British charm offensive on ‘Made in Europe’ under way as London seeks closer EU ties

After its failure to strike a deal to tap into the EU’s defence for loan scheme, the UK is now on a charm offensive to secure “Made in Europe” access for its industry.


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UK Business and Trade Secretary Peter Kyle is in Brussels on Wednesday and Thursday to press the case for UK involvement in the European preference scheme the Commission is drafting, as speculation circulates that it will be limited to EU countries only.

“We have a shared challenge on the continent of Europe about economic security,” Kyle told journalists after meeting Commission Vice President Teresa Ribera, adding that “the continent of Europe should come together” to build “resilience” at a time of increasing worldwide economic tensions.

The UK fears Brussels’ push to favour “Made in Europe” products will shut London out of EU public procurement and state aid, escalating post-Brexit trade tensions.

London argues that the EU and UK economies are too deeply intertwined to withstand a strict EU-only European Preference.

The EU’s “Made in Europe” strategy is set to feature in the long-delayed Industrial Accelerator Act, held up for months by divisions among member states and within the European Commission. Baltic and Nordic countries have warned that the plan could curb innovation and restrict access to non-EU technologies, joining Germany in calling for a broad definition of “Made in Europe” that includes the bloc’s “trusted” trade partners.

France, by contrast, wants to limit eligibility to members of the European Economic Area – including Norway, Liechtenstein and Iceland – as well as countries with reciprocal procurement agreements with the EU.

Limits of participation

London has previously sought to secure preferential access to the EU’s €150-billion Security Action for Europe (SAFE) defence loan scheme – so far, to no avail.

That programme also contains a European preference, with member states required to ensure that at least two-thirds of the weapon systems they buy using loaned EU money are manufactured in an EU or EEA/EFTA country or Ukraine. Third-country participation is capped at 35%.

Talks to bring the UK to the same level as a member state collapsed last November when they failed to find a compromise over how much London would have to contribute financially.

Euronews understands that those talks fell apart over a major gap between the two sides: whereas the final offer on the table from the EU was around €2 billion, the UK estimated it ought to contribute just over €100 million.

But the UK also wants to participate in the EU’s €90 billion loan to Ukraine, two-thirds of which is earmarked for military assistance.

Starmer said last month that “whether it’s SAFE or other initiatives, it makes good sense for Europe in the widest sense of the word – which is the EU plus other European countries – to work more closely together.”

But the British premier is walking a difficult political tightrope. His Labour party is consistently polling several points behind the right-wing populist Reform UK, led by arch-Brexiteer Nigel Farage.

Yet, a recent YouGov poll showed that a majority of British people (58%) now believe that it was wrong for the UK to leave the EU, with 54% supporting rejoining the bloc. An even bigger majority – 62% – support having a closer relationship without rejoining the EU, the Single Market, or the Customs Union.

Brussels, however, has always been clear that the UK cannot pick and choose privileged access to the Single Market without accepting the EU’s “four freedoms”: the full freedom of movement of goods, services, capital and people – the latter of which would feed into Farage’s anti-immigration platform.

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EU trade chief to meet G7 counterparts as pressure mounts over US tariff threats

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EU Trade Commissioner Maroš Šefčovič is set to meet G7 trade ministers on Monday after United States President Donald Trump upped the pressure on trading partners with a 15% across-the-board tariffs on imports entering the American market.


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Trump’s move came after a US Supreme Court ruling last week struck down several global duties he had imposed from the White House last year, overturning a central part of his trade policy.

Brussels is now demanding legal clarity. The EU is bound to Washington by a trade pact clinched in July 2025 by Commission President Ursula von der Leyen and Trump, setting tariffs on EU exports at 15% while committing the bloc to slash its own duties to zero.

“Full clarity on what these new developments mean for the EU-US trade relationship is the absolute minimum that is required in order for us the EU to make a clear-eyed assessment and decide on next steps,” Commission deputy spokesperson Olof Gill said on Monday.

Key Parliament vote expected

Šefčovič’s G7 talks come ahead of a closed-door meeting of EU ambassadors to assess the fallout from the latest developments in the US.

Some member states, including France, are prepared to deploy the bloc’s Anti-Coercion Instrument – the so-called “trade bazooka” that allows restrictions on public procurement, licenses and intellectual property rights if necessary to push back against external pressure.

Attention is now shifting to the European Parliament, which was set to vote Tuesday on implementing the EU-US agreement by cutting tariffs on US goods, as included in the deal. Instead, MEPs are meeting on Monday afternoon to decide on the future enforcement of the agreement.

The Parliament has led resistance to the US administration, arguing the deal signed in Scotland last summer was unbalanced.

German MEP Bernd Lange, who chairs the Parliament’s Committee on International Trade, said on Sunday that he will urge negotiators to suspend the agreement. But Zeljana Zovko, lead negotiator for the EPP – the Parliament’s largest group – struck a cooler tone, telling Euronews that MEPs “keep calm and do our [their] part.”

“No need to add any more fuel to an already existing fire,” she said.

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EU steel exports to US drop 30% as talks stall over Trump tariffs relief

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European steel shipments to the US declined 30% between June and December 2025 compared with the same period a year earlier, according to recent Eurostat data compiled by Eurofer, the Brussels-based industry group.


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The decline underscores the impact of the US’s 50% tariffs on EU steel, even after the EU and US signed a trade agreement in July 2025 agreeing a blanket 15% US tariff on EU goods. Steel was carved out of that deal and talks to ease duties remain stuck.

“A 30% drop in steel exports to the US within just six months is a clear signal that the blunt 50% tariffs imposed by the US government on EU steel are damaging our industry,” Eurofer Director general Axel Eggert said.

“The US decision to include EU downstream steel products, such as machinery, will have another huge negative impact on us and our European customers,” he added.

Washington imposed 50% tariffs on EU steel and aluminium in June 2025 and extended the measures to more than 400 steel and aluminium products in August.

Steel talks tied to EU-US trade deal enforcement

The US has framed the tariffs as a shield against Chinese overcapacity flooding global markets, including Europe.

With Chinese exports increasingly redirected from the US to the EU, the European Commission proposed on 7 October 2025 to halve the volume of steel allowed into the bloc duty-free and to levy a 50% tariff on imports exceeding a quota of 18.3 million tons a year.

The proposal steel needs to be adopted by the EU legislator. Meanwhile Brussels itself hopes to reopen talks with the White House to secure lower duties on EU steel.

But US negotiators have linked any resumption of discussions to the implementation of last summer’s EU-US trade deal, struck by Commission President Ursula von der Leyen and President Donald Trump. Under that pact, the EU agreed to cut its tariffs on US goods to zero while accepting 15% duties on its exports to the US.

With the EU legislative process still requiring approval from lawmakers and member states, Washington’s patience is wearing thin. Tensions could rise further after EU lawmakers introduced amendments that may complicate talks with capitals.

The European Parliament is expected to vote on the deal in March, paving the way for negotiations with member states.

The talks stalled on the European side after the US threatened to annex Greenland militarily from Denmark in January. Although the US has softened its language, it led to delays. The administration’s continuous lobbying for less stringent rules when it comes to digital legislation in Europe has also added obstacles to the talks.

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‘Made in Europe’ plan sparks intense Brussels lobbying

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The European Commission’s push to embed a so-called European preference in public procurement is triggering heavy lobbying from EU capitals and foreign partners, Euronews has learned.


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The proposal, designed to counter Chinese and US competition, would see products made in Europe officially favoured in public contracts and support schemes. Critics have branded it protectionist, and several member states have sought to water down the definition of “made in Europe” to ensure access for like-minded countries.

According to EU officials, the Industrial Accelerator Act (IAA), which is set to define what made in Europe means, is likely to face another delay despite appearing on the Commission’s agenda for presentation on 26 February. The strategy was first delayed in November 2025.

A leaked draft of the IAA text seen by Euronews lists strategic sectors targeted for a European preference, including chemicals, automotive, AI and space. It also proposes EU-origin thresholds of 70% for EVs, 25% for aluminium and 30% for plastics used in windows and doors.

The draft has drawn intense pushback. Nordic and Baltic states warn that a strict made in Europe regime could deter investment and limit EU companies’ access to cutting-edge technologies from non-EU countries.

In a separate leak reported by Euronews last week, the Commission appeared to lean toward the German position: a European preference open to like-minded partners with reciprocal procurement commitments and those contributing to “the Union’s competitiveness, resilience and economic security objectives”.

Britain concerned about protectionism

The UK is among the partners wary of a protectionist turn, with British officials stressing that the EU and UK economies are highly intertwined.

“It’s not the moment to mess with what is already working,” one official told Euronews.

In particular, the EU remains the largest export market for British cars, while several European manufacturers produce vehicles in the UK, which in 2024 was the EU’s second-largest export destination after the US.

“Almost half of our trade is with the European Union. We trade almost as much with the EU as the whole of the rest of the world combined,” UK Chancellor Rachel Reeves said last week.

British sources also argue that London’s deep capital markets could help the EU secure investment to revive its industry – unless the bloc closes its market.

The Commission is weighing its next move, aiming to table a proposal ahead of March’s EU summit focused on competitiveness. But pressure is also mounting from within, with pushback from the Trade Directorate-General – traditionally a staunch defender of an open EU market.

Paris, a long-time champion of a made in Europe strategy, says the concept has gained sufficient traction in Brussels to become reality and that the debate has now shifted to its implementation.

EU industry chief Stéphane Séjourné, who is overseeing the file, said on Tuesday that the European preference “entails quite a change of Europe’s economic doctrine”.

“It is therefore no surprises that it takes time and efforts to get to a common and smart version,” he added.

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Fight to ban Russian steel intensifies in Brussels

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Four years after Russia’s invasion of Ukraine, the European Union is still importing Russian steel – and not everyone is happy about it.


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Next week, MEPs and EU member states will begin negotiations on whether to ban Russian steel outright. What began as a sanctions debate has morphed into a high-stakes political fight.

Swedish lawmaker Karin Karlsbro is preparing to take on the EU council, which represents the member states, with Belgium, Italy, the Czech Republic and Denmark all arguing that they still need imports of unfinished steel for major construction projects.

“It is a big provocation that we haven’t done everything possible to limit Putin’s war chest,” Karlsbro told Euronews. “The Russian steel industry is a backbone of Russian war, it is the Russian war machinery.”

Finished Russian steel was banned in 2022, but semi-finished steel, a key input for further processing, was spared after a number of countries secured an exemption until 2028 to cushion the blow to their industries.

“Unfinished steel can’t be produced anywhere in the EU,” a European diplomat from one of those countries told Euronews, “while it is required for big infrastructures.”

Three million tonnes

Karlsbro says she was astonished to learn that EU imports of Russian steel amount to nearly 3 million tonnes a year, roughly equivalent to Sweden’s entire annual output and worth around €1.7 billion.

For her, the type of steel is beside the point.

“There is absolutely no argument that this is special steel or highly qualified steel with any essential quality. There is simply no additional reason to buy this steel,” she said.

To bypass the unanimity required for the adoption of EU sanctions by the member states, Karlsbro inserted a ban on Russian steel into a separate European Commission proposal aimed at shielding the bloc from global steel overcapacity, as US tariffs divert excess supply toward Europe.

The European Parliament’s trade committee approved the move on 27 January.

The procedural shift is crucial. Unlike sanctions, the trade file requires onlythe support ofa qualified majority of EU countries, potentially sidelining governments that might otherwise veto a full ban.

“The Parliament is playing politics on this,” an industry source familiar with the file told Euronews.

Another diplomat from a country dependent on Russian semi-finished steel said the ban was important for his government, which is why the 2028 deadline has been set – highlighting the dilemma the EU faces as it balances industrial needs with the need to confront the full-scale invasion of Ukraine.

The talks are beginning as the fourth anniversary of Russia’s invasion approaches, and the clock is ticking. By June, the EU must adopt the Commission’s plan to shield its market from a glut of global steel.

One diplomat insisted the two files – banning Russian steel and protecting the EU market from overcapacity – pursue “totally different goals”.

Still, the same diplomat acknowledged the ban could pass, as there are not enough member states pushing to maintain a phase-out only by 2028.

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France set to clash with Germany and Italy as EU leaders seek economic boost

Two competing visions for the EU’s economic future are set to collide on Thursday, when the bloc’s leaders gather for an informal retreat to discuss reviving the bloc’s competitiveness.

On one side stands France; on the other, a newly aligned Germany and Italy.

Paris made a last-minute move to join an informal pre-summit scheduled by Berlin and Rome ahead of the retreat on Thursday morning in an unusual bid to coordinate their positions before leaders convene.

The French intervention followed remarks on Tuesday from President Emmanuel Macron to several European media outlets, and amounts to an effort to assert Paris’ agenda in response to a document circulated in recent days by Germany and Italy that lays out a sharply different vision for the EU economy.

In doing so, the French president has flipped the script and introduced firmly on the table one of the most divisive matters for EU leaders: pooling debt to prop up the bloc.

The timing is no coincidence either.

Earlier this month, Mario Draghi, called on the EU to work as a true union and urged leaders to implement a “pragmatic” federalist approach to survive in a new, more brutal world.

The retreat in Alden Biesen, Belgium comes a year and a half after a landmark report by Draghi warned of a bleak outlook for Europe’s economy unless decisive steps were taken to boost competitiveness.

Since the report’s publication in 2024, the global geo-economic landscape has shifted dramatically, with the US and China’s aggressive agendas adding pressure on the EU’s 27 countries.

Macron is the most loyal to Draghi’s ambitions but also the weakest leader at home compared to Meloni and Merz.

Divisions expected on eurobonds

During the retreat, leaders will focus “on strengthening the Single Market, reducing barriers to growth and enhancing Europe’s strategic autonomy,” according to the agenda presented by the Cypriot EU presidency.

Draghi, along with another former Italian prime minister, Enrico Letta – who published his own landmark report on the Single Market the same year – will attend parts of the discussions.

Still, a senior EU official said the time for diagnosis was over, and that leaders now need to take “concrete measures” to move the EU’s economic agenda forward.

Reaching consensus, however, will be difficult. The EU’s Franco-German engine appears to be sputtering, with Paris now facing a fresh Berlin-Rome alliance. On 23 January, Germany and Italy agreed to coordinate their push to deregulate industry.

The first flashpoint is expected to be Macron’s call, made Tuesday, for issuing common EU debt – eurobonds – to finance the massive investments needed to lift competitiveness. Draghi’s report in 2024 put those needs at between €750 billion and €800 billion a year.

“We have three battles to fight: in security and defence, in green transition technologies, and in artificial intelligence and quantum technologies. In all of these areas, we invest far less than China and the United States,” Macron said, adding: “If the EU does nothing in the next three to five years, it will be swept out of these sectors.”

Berlin, however, has long resisted repeating the joint borrowing used to fund the €750 billion post-Covid recovery plan.

Instead, Germany and Italy are expected on Thursday to call for expanded venture-capital financing and stronger exit options for investors. The document circulated by Rome and Berlin suggests “the creation of a pan-European stock exchange, a pan European secondary market, and a review of capital requirements for lending without impeding financial stability”.

On eurobonds, Nordic countries have traditionally sided with Germany.

Still, the same senior EU official noted that “when the European Union needs to take those decisions, it has taken so,” adding that joint borrowing remains an option after the bloc again turned to it at the end of 2025 to support Ukraine. “There is no dream of European debt. There is European debt out in the markets and we’ve just increased by 90 billion last December.”

In a letter sent to leaders on Monday, Commission chief Ursula von der Leyen did not mention joint borrowing, doubling down on cutting excessive regulation and integrating the 27-nation single market.

In the run-up to a meeting with European industry leaders, she also appealed to establish the so-called 28th regime to harmonise rules for companies operating across Europe.

Germany’s strict conditions

France is also pressing for a long-standing priority: a European preference, or “Made in Europe,” policy that would favour EU-content products in public procurement.

“It’s defensive, but it’s essential, because we are facing unfair competitors who no longer respect the rules of the World Trade Organization,” Macron said on Tuesday.

While the idea has gained traction in EU capitals and at the European Commission, Nordic and Baltic countries as well as the Netherlands warned in a non-paper circulated ahead of the summit that the European preference “risks wiping out our simplification efforts, hindering companies’ access to world-leading technology, hampering exchange with other markets and pushing investments away from the EU.”

Germany, meanwhile circulated a document seen by Euronews in December as part of discussions among the 27 laying out strict conditions. Berlin wants the European preference to be time-limited, broadly defined, and applied only to a narrow list of products. It also favours a “Made with Europe” approach, open to countries with EU free-trade agreements and other “like-minded” partners.

Italy, the EU’s third-largest economy, has sided with Germany. Both countries say their priority is not only to support European businesses but also “to attract new business from outside the EU,” according to their document to other capitals.

Macron appeared to partially align with that view on Tuesday, saying the European preference should focus on limited sectors such as clean tech, chemicals, steel, automotive or defence. “Otherwise Europeans will be swept away,” he said.

Berlin and Rome want more deregulation

At the retreat, Berlin and Rome are also set to push a deregulatory agenda. As the European Commission rolled out several simplification packages in 2025, the two countries are calling “for further withdrawals and simplifications of EU initiatives across the board”.

They also propose an “emergency brake” allowing intervention if legislation raises “serious concerns regarding additional administrative burden both on enterprises and on national authorities”.

Last but not least, the Mercosur trade agreement looms large. During the retreat, the Commission plans to consult EU countries on its provisional implementation after a judicial review triggered by the European Parliament suspended ratification of the deal, signed with Brazil, Argentina, Paraguay and Uruguay.

France remains firmly opposed to the Mercosur agreement, citing farmers’ fears of unfair competition from Latin American imports. But the deal nonetheless won backing from a majority of member states in January after Italy gave its support.

Berlin and Rome leave little room for doubt in their document: “We call for an ambitious EU trade policy taking full account of the potentials and needs of all economic sectors, including agriculture. The finalisation of the EU-Mercosur Agreement was an important step in that direction.”

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Von der Leyen to travel to Australia to seal trade deal

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European Commission President Ursula von der Leyen will fly to Australia later this month in a bid to seal a long-delayed trade agreement, sources familiar with the matter told Euronews.

Concluding the deal would mark another trade win for the Commission, following recent deals with Latin America’s Mercosur bloc and India, as geopolitical tensions intensify with the US and China.

One source said von der Leyen could head to Canberra shortly after the Munich Security Conference concludes on 15 February.

Whether the trip goes ahead will depend on progress in negotiations led by EU Trade Commissioner Maroš Šefčovič, who is due to meet Australian Trade Minister Don Farrell in Brussels next week.

“As always, progress in the sensitive phase of negotiations will depend on substance,” Commission deputy chief spokesperson Olof Gill told Euronews.

Talks on an EU-Australia free-trade agreement collapsed in 2023 after Canberra accused Brussels of failing to offer sufficient market access for beef, sheep, dairy and sugar.

Agriculture remains a perennial flashpoint in EU trade negotiations. The Mercosur agreement has already met furious opposition from European farmers, who fear unfair competition from increased imports coming from Latin America.

Australia, however, is viewed in Brussels as a strategic and like-minded partner as the EU seeks to diversify its trade relationships, expand access to global markets and reduce exposure to a closing US market and China’s increasingly aggressive trade policy.

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Draghi to join EU leaders at retreat to boost competitiveness, Costa tells Euronews

Former European Central Bank president Mario Draghi will attend an informal meeting of European Union leaders at the invitation of European Council President António Costa, who is looking to accelerate the implementation of his competitiveness report.

The retreat will take place on 12 February and will focus on boosting the European economy. Former Italian Prime Minister Enrico Letta will also participate in the gathering.

Draghi and Letta penned two influential reports on the EU single market and competitiveness in 2024.

In an interview with Euronews from New Delhi, where the EU signed a major trade deal with India, Costa said the retreat will serve to kickstart a cross-institutional debate on how to strengthen the European economy and implement their reform agenda.

“I invited Mario Draghi and Enrico Letta to join us as we take stock of what we’ve done but also look at what we need to deliver,” Costa said.

“We need to create renewed momentum and give a new impetus” to their call for reforms.

“I expect leaders to give clear political guidance to the Commission and the Council as they did last year on defence and security,” he added. “This time, for the single market.”

Costa has held a series of informal meetings bringing together the 27 leaders to brainstorm without the formalities of a European summit, which usually sees a stricter agenda and looks for compromise to deliver unanimous conclusions.

The retreat format, he argues, allows for more open discussions. Last year, leaders met alongside NATO Secretary General Mark Rutte and UK Prime Minister Keir Starmer to discuss European security and defence. By inviting Draghi and Letta, Costa hopes to reinstate momentum around their recommendations published in 2024.

Last year, the European Commission’s efforts focused on reducing red tape and cutting bureaucracy pegged to excessive EU regulation. While pushing for simplification of existing rules, analysts suggest the executive is not doing enough to push forward actual reforms in line with the recommendations of the two reports.

A report by the European Policy Innovation Council published in September last year suggested that only 11% of the recommendations listed in the Draghi report had been implemented in its first year even as the Commission referred to it as its economic compass.

Draghi’s attendance could serve to sharpen minds as the former ECB president is highly influential in diplomatic circles, the European capitals and the EU institutions where his speeches are closely monitored.

Draghi has repeatedly called for the bloc to work as a true union and called for a “pragmatic federalist” approach in a changing world.

Draghi has also expressed support for joint borrowing by EU member states to finance large projects of common interest such as security and defense, and called for the integration of the European capital markets to attract and scale up investments.

Watch the full interview with Council President António Costa on The Europe Conversation on Euronews on 28 January.

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EU inks ‘mother of all trade deals’ with India amid global turmoil

After months of intense negotiations, the European Commission concluded on Tuesday a free-trade deal with India which sharply reduces tariffs on EU products from cars to wine as the world looks for alternative markets following President Donald Trump’s tariff hit.

The announcement was made during a high-level visit by European authorities including Commission President Ursula von der Leyen. Both countries hailed a “new chapter in strategic relations” as the two looks for alternatives to the US market.

India is currently facing tariffs of 50% from the Trump administration, which has severely dented its exports. After sealing the Mercosur deal with Latin American countries earlier this month, the EU has said it aims to speed up its trade agenda with new partners.

“We did it – we delivered the mother of all deals,” von der Leyen said after the deal was announced. “This is the tale of two giants who choose partnership in a true win-win fashion. A strong message that cooperation is the best answer to global challenges.”

Talks went down to the wire with negotiators meeting over the weekend and in the early hours of Monday. The deal says it will bolster the “untapped” potential of their combined markets but did not include politically sensitive sectors such as agriculture.

The EU’s powerful trade chief Maroš Šefčovič, who in charge of negotiating on behalf of the 27 EU member states, said Brussels aims for a fast implementation by 2027.

In an interview with Euronews from Delhi after the deal was announced, Šefčovič said the India deal showcases the EU’s new approach when it comes to trade: more pragmatic on deliverables, rather than getting stuck on political red lines.

“We resumed negotiations with a new philosophy, being very clear in saying: if this is sensitive for you, let’s not touch it,” Šefčovič told Euronews, describing the strategy as a gamechanger.

A win for European exports looking to tap Indian market

Under the agreement, the EU aims to double goods exports to India by 2032 by cutting tariffs on approximately 96% of EU exports to the country, saving around €4 billion a year in duties. At its full potential, the deal creates a market of 2 billion people.

Europe’s carmakers emerge as beneficiaries, with Indian customs duties gradually reduced from 110% to 10% under a quota system. Tariffs in sectors including machinery, chemicals and pharmaceuticals will also be almost entirely eliminated.

Wine and spirits, key exports for countries like France, Italy and Spain, will see duties reduced from 150% to around 20 to 30%. Olive oil duties will be cut to zero from 40%.

After years of tensions with EU farmers, the Commission said sensitive agricultural products had been excluded from the agreement, leaving out beef, chicken, rice and sugar.

When it comes to India, the agreement keeps trade terms on dairy and grain untouched in line with the demands of the Indian authorities, which saw it as a red line.

The Commission, which negotiated the deal on behalf of the EU’s 27 member states, said it included a dedicated sustainable development chapter “which enhances environmental protection and addresses climate change.”

The agreement does not cover geographical indications, another contentious area for negotiators, which will be addressed in a separate deal aimed at protecting EU products from imitation on the Indian market.

Deal cut under pressure from Trump’s tariffs

The timing of the deal is important as the two sides look to de-risk their economies from the threat of Trump’s tariffs.

The EU saw tariffs triple to 15% last year under a contentious deal and India is currently operating under a 50% tariff regime from Washington.

The Trump administration slapped an additional 25% duty on India last year as punishment for buying Russian oil, which India has defended citing a need for cheap energy to power a country of 1.4 billion people.

Talks between the EU and India first began in 2007 but quickly ran into hurdles.

Negotiations were relaunched in 2022 and talks intensified last year as the two sought to cushion the impact of Trump’s return to the White House.

After the deal was signed during a two-day trip on Tuesday, in which the chiefs of the Commission and the European Council were guest of honour, the EU said the deal showcases that “rules-based cooperation” remains the preferred path for the bloc – and a growing number of partners from Latin America to India.

Before the deal can be implemented, the European Council and the European Parliament will have to ratify it, which can become an arduous process.

The Commission hopes to begin implementing the agreement from January 2027.

This story has been updated with comments by Commissioner Šefčovic to Euronews. Watch online and on television.

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