The EU and India have struck a trade deal, but it’s not the breakthrough it’s being made out to be. Just because you sign a trade deal doesn’t mean that integration magically appears.
Both sides of this deal are highly protectionist and have no interest in introducing new competition to their markets. This deal is fairly modest; some tariffs get lowered, but there are enough barriers in place for either side to block trade wherever they see fit.
One of the problems with global trade deals is that it only works if the oceans are free and the global rule of law is intact. The EU would be better off spending its time strengthening relations among regional nations, rather than looking far and wide.
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