India and EU Forge Historic Trade Partnership

India and Europe have finalized a landmark free trade agreement, marking a historic collaboration between the two regions. This pivotal deal aims to strengthen bilateral ties by enhancing trade, security, and mobility initiatives. As strategic partners, both entities anticipate a substantial impact on global economic dynamics.

India and the European Union marked a milestone on Tuesday with the finalization of a historic free trade agreement, hailed by European Commission President Ursula von der Leyen as the 'mother of all deals.' Prime Minister Narendra Modi, alongside top EU leaders, convened for summit talks, strengthening bilateral ties amid a backdrop of geopolitical challenges.

The agreement establishes a significant free trade zone encompassing two billion people, with improved opportunities for collaborative engagements in various sectors. The framework will bolster economic exchanges, anticipated to boost India's trading activities with its largest partner, the EU, into new territories.

Alongside trade discussions, the summit initiated talks on defense, with the Security and Defence Partnership (SDP) poised to enhance defense and security cooperation. Moreover, a mobility agreement to facilitate Indian professionals in Europe, alongside anticipated agreements on global issues like the Russia-Ukraine conflict, was also on the agenda.

(With inputs from agencies.)