India’s trade deals stabilising world order, says PM Modi after pacts with EU, US – Firstpost

Prime Minister Narendra Modi on Thursday said that India’s trade deals with the European Union (EU) and United States have stabilised the world order.

In the Motion of Thanks on President Droupadi Murmu’s address, Modi said in Rajya Sabha that the trade deal with the EU gave the world hope of stability in the world order and the subsequent trade deal with the United States assured the world of the speed of that stability.

“When we signed the trade deal with the EU, the world got hope of global stability. The subsequent deal with the United States assured them of the speed of the coming stability,” said Modi in Hindi.

Speaking in the Rajya Sabha. https://t.co/MelS1S0NF2

— Narendra Modi (@narendramodi) February 5, 2026

Modi described India’s trade deal in recent days as “future-ready”.

“India is signing future-ready trade deals with several countries. In the past few days, we signed trade deals with nine big and important countries of the world. Mother of all deals with 27 countries, with European Union is one of them,” said Modi.

Last month, India and the EU announced a trade deal that they described as the mother of all deals. The deal would reduce tariffs on the vast majority of goods and services that the two sides sell to each other. Then, earlier this week, Modi and US President Donald Trump held a phone call.

Trump announced after the call that he would reduce tariffs on Indian goods from 50 per cent to 18 per cent in exchange for India reducing tariffs on all American goods to 0 per cent.

On India’s part, Union Commerce Minister Piyush Goyal said that India and the United States would issue a joint statement in four to five days and the deal should be signed by mid-March. Separately, External Affairs Minister S Jaishankar, who has held meetings in Washington DC this week, said that the deal “opens up a new phase in our bilateral ties, with vast possibilities for the relationship”.