Why the EU-India Trade Deal Matters

• European Commission President Ursula von der Leyen discusses a potential EU-India trade deal, calling it 'the mother of all deals'.
• The agreement, 20 years in the making, aims to cut tariffs on over 90% of goods traded between the EU and India.
• It could provide Europe a 'first-mover advantage' in India's fast-growing economy and help India offset US tariffs.
• Germany is also strengthening business and defense ties with India, including a possible $8 billion submarine deal.

The video highlights the impending EU-India trade deal, a culmination of 20 years of negotiations. This 'mother of all deals' aims to cut tariffs on over 90% of goods, offering Europe a strategic 'first-mover advantage' in India's fast-growing economy and helping India mitigate existing US tariffs. It signifies a broader EU strategy to reposition itself in the global economy.