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The World

India and EU strike behemoth free trade deal

The World

PRX

News, Lethaldissent

4.6943 Ratings

🗓️ 27 January 2026

⏱️ 51 minutes

🧾️ Download transcript

Summary

India and the European Union have signed a massive trade deal that will account for a quarter of the world's GDP. This follows another deal struck by the EU with Latin American countries this month. Also, Spanish Prime Minister Pedro Sanchez wants to fast-track residency for hundreds of thousands of immigrants. And, US threats to take control of Greenland have rattled Europe’s far-right leaders, some of President Trump’s staunchest allies. Plus, when space debris enters Earth's atmosphere, some of it ends up at Point Nemo, a remote area of the Pacific with depths of around 13,000 feet.

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Transcript

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0:00.0

Tarrantial rains are hitting Mozambique.

0:07.2

The floods we're seeing this year are of a whole new magnitude.

0:10.8

The impact on drinking water is dire.

0:13.0

I'm Marco Werman.

0:14.1

And I'm Carolyn Beeler.

0:15.4

Today what people in Mozambique are facing, also a big trade deal between Europe and India gets struck during these turbulent times.

0:24.1

It is a very complicated geopolitical environment. You never know who's going to be a friend one day and trade rival the other day.

0:31.1

Plus, a new vaccine for tuberculosis is being developed for adolescents and adults. It could be a game changer in South Africa, where TB is rampant.

0:40.0

M72 is probably the most exciting hope that we have for an effective vaccine.

0:48.1

And drum and bass will never be the same after Sly and Robbie.

0:52.4

That's all ahead today on the world.

0:58.6

This is the world. I'm Carolyn Beeler. And I'm Marco Wurman. Thank you for being with us.

1:03.9

We begin today looking at a major trade deal. This is the tale of two giants.

1:09.1

That's Ursula Fonderline, president of the European Commission, and the giants she is referring to our India and the European Union.

1:17.5

Two giants who choose partnership in a true win-win fashion.

1:23.1

During her speech at a signing ceremony today in Delhi, Fonderland called this the mother of all trade deals because of the massive quantity of money, goods, and consumers involved.

1:33.6

The deal will create an open market for 2 billion people.

1:38.2

Ishwar Prasad joined us to talk about it. He's a professor of trade policy at Cornell University.

1:43.7

This is a pretty big deal, and it's going to bring down tariffs on these countries' bilateral

1:48.8

trade to very low levels. And for some products, it will go down to zero. And this will cover

1:54.9

nearly 95 to 99 percent of trade and goods between the two countries. And given that India is one of the fastest

2:02.1

growing emerging market economies in the world, and indeed one of the fastest growing markets in the

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