India-EU 'Mother of all deals' trade pact

 Commentary: India-EU’s ‘mother of all deals’ is much more than just a trade pact

The sprawling trade deal sends a positive message in support of rules-based global trade at a time when that appears to be increasingly under strain, says Amitendu Palit from the National University of Singapore.

SINGAPORE: After nearly two decades of stop-start negotiations, India and the European Union (EU) have sealed a free trade agreement (FTA), lavishly described by both sides as the “mother of all deals”.

Formally announced at the India-EU Summit in New Delhi on Tuesday (Jan 27), the trade pact has far-reaching significance – not only for its economic potential as one of the world’s largest common markets, but also the positive message it sends in support of rules-based global trade at a time when that appears to be increasingly under strain.

The sprawling deal also marks a transformative high in India’s once-conservative free trade strategy. CNA

This trade pact is about the most important agreement to be signed in 2026.  It would dwarf the RCEP and all existing trade pacts. Europe would be able to export all its high tech products eg automobiles, 5G network, machinery and AI to India. Oops. Europe has no credible AI. It would be India exporting its world class AIs and AI experts to Europe, train system management experts, Call Centres, top Indian CEOs and bankers, and academics, including all the high tech chips, EVs, solar panels, EV batteries and medicine to Europe.

EU and India will see a dramatic growth in their two way trades. India's GDP could see an exponential rise with its exports to Europe. If Europe were to transfer its advanced technologies to India, India will soon become a technology powerhouse, build its own 5th and 6th Gen warplanes, nuclear propelled aircraft carriers. Tata will be the biggest beneficiary, can transformed from building minicars and motorcycles to build top end Mercedes Benz, BMW, VW automobiles to sell to the world. Oops, I forgot to mention high speed trains, mobile phones and space stations.

India's dream of over taking China to become the number two economic superpower is coming. And with all the industrial expansion, India will no longer need to export its talented manpower. India will need all of them to turn India into a bigger China. And Europe will also benefit from Indian's IT talents and become an AI giant with the help of India.

India is now very high, like being injected with drugs. Well done India. The future is very bright. America and Singapore will have a big problem. No more Indian talents coming.