How big a deal is the EU-India trade agreement? With Nicolas Köhler-Suzuki and Ajay Srivastava

欧盟-印度贸易协议有多大意义?与尼古拉斯·科勒-铃木和阿杰伊·斯里瓦斯塔瓦讨论

The Economics Show

2026-01-30

27 分钟
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The EU-India trade deal was partly a geopolitical statement, directed towards Trump. But what’s actually in it? What were the toughest bits to agree, who gave up concessions, and what will the deal mean for the economies of India and the EU? Soumaya Keynes is back to chat to Nicolas Köhler-Suzuki, adviser for trade and economic security, Jacques Delors Institute, and Ajay Srivastava, founder of the Global Trade Research Initiative in Delhi, and a former trade negotiator.  Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen. Further reading:  EU and India seal trade pact to slash €4bn of tariffs on bloc’s exports Indian exporters seek new markets after Donald Trump’s trade blitz EU leaders push to implement Mercosur trade pact Presented by Soumaya Keynes. Produced by Josh Gabert-Doyon, Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • The politicians called it the mother of all trade agreements.

  • After two decades of negotiations, the EU and India managed to get their trade deal over the line.

  • It doesn't take a genius to see what spurred it on.

  • President Donald Trump has been pretty hostile towards his Indian and European counterparts.

  • This deal is a geopolitical statement.

  • It's a way of saying, if you're mean to us, we're going to band together.

  • So it makes for good politics.

  • But what about the economics?

  • Which concessions did each side manage to squeeze out of the other?

  • How big of a deal is the EU-India trade agreement?

  • This is The Economics Show with Samaya Keynes.

  • I am very happy to be back after a long stint away having a baby and writing a book,

  • How to Win a Trade War.

  • This week on the show,

  • I thought I would try something slightly different and speak to two experts to get both a European and an Indian perspective on the deal.

  • So first, I'm joined by Nicholas Gulles-Suzuki,

  • advisor for Trade and Economic Security at the Jacques Delors Institute.

  • Nicholas, hello.

  • Hi, Samaya.

  • OK, you've listened to the show.