<h1>Trade and Economic Partnership takes effect, pledges USD 100 billion investment, tariffs phased out on most industrial goods</h1> A Trade and Economic Partnership Agreement between a country and a four-nation European bloc entered into force, obligating the bloc to commit USD 100 billion of investment over 15 years and providing tariff liberalisation on most industrial goods, with phased elimination of duties on specified consumer products over 10 years. The deal grants market access and streamlined customs procedures, covers expressed percentages of tariff lines and export value, and lists exclusions for sensitive agricultural sectors and certain commodities. It includes services market commitments and a safeguard clause permitting rebalancing or suspension of duty concessions if the pledged investments do not materialize.