Prime Minister Narendra Modi replies to the Motion of Thanks to the President's address in the Rajya Sabha during the Budget session of Parliament in New Delhi on February 5, 2026. (Photo: Sansad TV via PTI Photo)
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Firstpost05-02-2026, 17:54

PM Modi: India's Trade Deals with EU, US Stabilizing World Order, Future-Ready

  • PM Modi stated that India's trade deals with the European Union (EU) and the United States are stabilizing the world order.
  • Speaking in Rajya Sabha, Modi highlighted the EU deal as a source of hope for global stability and the US deal as assurance of its speed.
  • He described India's recent trade agreements as "future-ready," having signed deals with nine significant countries, including the EU.
  • The EU deal, dubbed "the mother of all deals," aims to reduce tariffs on most goods and services between India and the EU.
  • The US deal involves a reduction of US tariffs on Indian goods from 50% to 18% in exchange for India reducing tariffs on all American goods to 0%.

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