Zapad 2025 military exercise.
In January 2026, amid negotiations, both EU Commission president Ursula von der Leyen and Indian trade minister Piyush Goyal described it as the "mother of all trade deals". Additionally, von der Leyen also stated at the 2026 World Economic Forum that the trade deal would create "a free market of two billion people, accounting for a quarter of global GDP".By January 2026, agreement had been reached on about 20 of the 24 negotiating chapters.3/3
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