India-EU Trade Deal Nears Completion, Expected by January 26

• Commerce Secretary Rajesh Agrawal announced that the India-EU trade deal is close to being finalized, with negotiations expected to conclude by January 26.
• The agreement aims to be completed before a meeting of EU leaders in New Delhi, coinciding with India's Republic Day celebrations and an India-EU summit.
• Discussions are also ongoing between India and the US for a potential trade deal, with continuous talks between Union Commerce Minister Piyush Goyal and USTR Greer.
• India's trade performance with China and the UAE is also strong, with monthly exports to the US remaining around $7 billion despite high tariffs.
• In December 2025, the US was India's largest export destination ($65.8 billion), while China was the largest import source ($95.95 billion).

Why It Matters: India is on the verge of finalizing a significant trade deal with the EU by January 26, while also advancing talks with the US.