India and EU Seal Historic 'Mother of All Deals' Free Trade Agreement

India and the European Union have finalized a landmark free trade agreement, hailed as the 'mother of all deals'. This accord aims to enhance bilateral trade, security, and cooperation, and it marks a new era in India-EU relations. It is expected to expand cooperation across various sectors.

India and the European Union have reached a milestone by concluding an ambitious free trade agreement, described as the 'mother of all deals'. This development unfolds against a backdrop of global trade disruptions, primarily influenced by Washington's tariff policies.

Prime Minister Narendra Modi announced that this agreement is the largest FTA India has signed, following discussions with the EU's top leaders, Ursula von der Leyen and Antonio Costa. He emphasized that this is more than just a trade deal, dubbing it as a 'new blueprint for shared prosperity'.

The agreement also includes a strategic defence partnership and a mobility pact, signaling a new chapter in India-EU relations, focusing on trade, security, and stronger people-to-people ties. This FTA, which was initially proposed in 2007, sets a historic precedent by opening new avenues for cooperation.

(With inputs from agencies.)