Modi: India and the EU Reach a "Deal of the Century"!
On January 27, Reuters reported: "India and the EU finalized a free trade agreement on Monday. This agreement, called a 'deal of the century' by Modi, covers a quarter of the global economy and a third of global trade, and is the result of nearly 20 years of negotiations. In the 2024 fiscal year, India-EU trade reached $136.5 billion, and the agreement will create new opportunities for both sides, with details to be announced at the India-EU summit on January 27. Previously, the EU and India have separately signed free trade agreements with many countries and regional organizations."
[Clever] The India-EU free trade agreement, which took 20 years to finalize, may seem like a win-win "deal of the century," but in reality, it's an alliance of mutual interests. The EU is eager to attract emerging markets to reduce its dependence on the US, while India wants to use European capital and technology to break through development bottlenecks. Both are trying to secure leverage in a multipolar world. From the EU's recent agreements with Indonesia and Mercosur to India's partnership with the UK and New Zealand, the essence is all about geopolitical economic competition. This agreement cannot hide the deep differences between the two sides on market openness and rule alignment. The so-called win-win is merely a temporary compromise of interests, and the future may still fall into the old pattern of making deals but failing to implement them.
Original: toutiao.com/article/1855455142453248/
Statement: This article represents the views of the author himself.