The trade deal between India and the European Union is as much about geopolitics as it's about intercontinental business relations.
The EU is already India's largest partner with trade in goods reaching $142.3bn (£104.07bn) in 2024, amounting to 11.5% of the South Asian nation's total trade. India is the EU's ninth largest trading partner.
These are impressive numbers and reflect strong relations. And yet, trade talks were stuck for two decades.
That raises the question: what's changed now? The answer lies in the fast-evolving geopolitical landscape and the unpredictability of the US administration under President Donald Trump.
The US leader has used tariffs as a bargaining chip in some negotiations but he has often used them to punish countries, including partners, which don't agree with his worldview.
