India and the European Union have agreed on a free trade agreement, Prime Minister Narendra Modi said on Tuesday. The agreement would lower tariffs on most consumer and industrial goods traded between India and EU members, although it’s expected to exclude some agricultural products. The EU would also get enhanced market access for its car exports subject to a cap. The conclusion of negotiations after nearly two decades of halting talks reflects the rapidly shifting global alignment under US President Donald Trump. Bloomberg’s Oliver Crook reports.
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