EU, India close to sealing 'mother of all deals': Ursula von der Leyen

The European Union is on the verge of concluding a free trade agreement with India, although work remains to get it over the line, European Commission President Ursula von der Leyen said in a speech at the World Economic Forum in Davos on Tuesday. "There is still work to do. But we are on the cusp of a historic trade agreement. Some call it the mother of all deals. One that would create a market of 2 billion people, accounting for almost a quarter of global GDP," she said in a section of her speech on EU efforts to diversify its trade.

EU 'on cusp of MOTHER OF ALL DEALS' with India — Ursula von der Leyen channels Donald Trump on stage

Proceeds to call India a 'continent' pic.twitter.com/h19q2a4iFX

— RT (@RT_com) January 20, 2026

EC chief argues that the US cannot achieve Arctic security without Europe. We will support Greenland and Denmark and we are working on a massive European investment surge in Greenland, she said. The EU Chief said that the world is ready to choose Europe and the European Union is scrambling to play catch up to Russia and China by pivoting to global 'growth centers' amid US tensions.