Maroš Šefčovič

EU Commissioner for Trade and Economic Security - Successfully concluded negotiations for what he called 'the largest trade deal ever'

After 19 years, 14 formal rounds, and a January sprint that defied skeptics, India and the European Union concluded their free trade agreement on January 26, 2026. EU leaders Ursula von der Leyen and António Costa, attending India's Republic Day as chief guests, jointly announced the deal with Prime Minister Narendra Modi on January 27. Von der Leyen called it 'the mother of all deals'—a pact creating a free trade zone of 2 billion people and a combined market of $27 trillion, representing 25% of global GDP. President Droupadi Murmu hailed the agreement in her January 28 address to Parliament, marking formal political ratification on both sides.

Updated Jan 28

EU Trade Commissioner - Leading European Parliament lobbying effort; designated to represent Commission at censure debate

Negotiations between the EU and Mercosur began in 1999. Twenty-six years later, on January 17, 2026, representatives signed a comprehensive free trade agreement in Asunción, Paraguay—the same city where Mercosur itself was founded in 1991. The deal eliminates tariffs on more than 90% of bilateral trade and creates the world's largest free trade zone, covering over 700 million consumers and roughly a quarter of global GDP. Days after the signing, the European Parliament voted 334-324 to refer the agreement to the European Court of Justice over legal concerns about the Commission's decision to split the deal into trade and non-trade pillars, potentially bypassing national parliaments.

Updated Jan 26

EU Trade Commissioner - Publicly backing tougher EU action on low-value import flows

The EU just put a price tag on the business model that turned “free shipping from China” into a daily habit. On 12 December 2025, EU governments approved a temporary €3 customs duty on low-value e-commerce parcels under €150—starting 1 July 2026.

Updated Dec 12, 2025