""the mother of all deals,""
""Official level negotiations are being concluded and both sides are all set to announce the successful conclusion,""
""Final negotiations have been focused and fruitful, and we are now very optimistic that we will land this historic trade deal,""
India and the European Union will announce a free trade agreement that concludes negotiations begun nearly two decades ago. The pact is expected to require India to cut high import duties on European cars, wine and other products while granting the EU improved access for Indian exports such as textiles and pharmaceuticals. Leaders from both sides will formalize the pact in New Delhi. Final negotiation stages were described as focused and fruitful, creating optimism about reaching a historic trade deal. European Commission and Council presidents attended India's Republic Day parade as guests of honor ahead of the announcement.
Read at www.dw.com
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