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The Portuguese Business Confederation (CIP) considers the trade agreement between the European Union (EU) and India a significant step to reduce dependence on traditional partners and to strengthen Portugal’s presence in high‑growth economies.
The EU–India trade agreement creates a “rare opportunity” to expand Portuguese agri‑food exports, with olive oil singled out as the main beneficiary. The Federation of Portuguese Agri‑food Industries said there are “absolutely favourable conditions for olive oil exports” and described the pact as an unprecedented chance for the sector. To convert the opportunity into sustained growth, industry representatives stress the need for investment in production capacity, market development and compliance with buyer standards, while monitoring regulatory and logistical challenges that could affect competitiveness.
This agreement — dubbed 'the mother of all agreements' — is expected to double the EU's exports to India by 2032 and save around €4 billion a year in duties. It can and should form part of a broader European Union strategy in the Trump-centred era.
The agreement is expected to double the EU's exports of goods to India by 2032.
The European Union (EU) and India today concluded, after 18 years, negotiations for 'the biggest of all trade agreements', aiming for a market without barriers for two billion people, the European Commission announced.
Negotiations launched in 2007 were stalled for 18 years. India facilitates access for European cars and wines, while Europe opens its market further to textiles and medicines. Von der Leyen emphasises that “this is just the beginning” of a strategic relationship to be strengthened.
After on-off talks since 2007, the two sides finally take the plunge, responding to steep U.S. tariffs and cheap goods from China.
Von der Leyen and António Costa begin an official visit to India this Sunday, where India and the European Union are expected to sign a trade agreement. Four questions and answers to explain what is at stake.
India may reduce customs duties on cars exported by the EU as part of a trade deal being finalised. Electric vehicles will have to wait a further five years.
Shifts in geopolitical dynamics involving China and the United States are seen as encouraging the finalisation of the agreement.
European Commission President Ursula von der Leyen will travel to New Delhi at the end of January for the EU–India summit with the explicit aim of finalising a long‑sought EU–India trade agreement. Having concluded the Mercosur talks, von der Leyen says the Commission is working intensively to wrap up negotiations, a move with significant economic and geopolitical implications for EU trade policy and relations with India.
European Commission President Ursula von der Leyen intends to conclude a trade agreement with India during a visit to New Delhi at the end of the month.
