"Indian Prime Minster Narendra Modi announced the finalization of a landmark free trade agreement on Tuesday with the EU, saying it will being major opportunities to billions of people in India. "Yesterday, a big agreement was signed between the European Union and India," Modi said. "People around the world are calling this the mother of all deals. This agreement will bring major opportunities for the 1.4 billion people of India and the millions of people in Europe," he said."
"Officials said the negotiations are being concluded and both sides are all set to announce the successful conclusion of the trade deal two decades in the makingImage: ANI/IMAGO Skip next section What you need to know Indian Prime Minster Narendra Modi announced the finalization of a landmark free trade agreement with the EU President of the European Council, Antonio Costa, and European Commission President Ursula von der Leyen co-chair an IndiaEU summit with Prime Minister Narendra Modi"
The European Union and India finalized a landmark free trade agreement after nearly two decades of negotiations. The pact will create a market of roughly two billion people and account for nearly a quarter of global GDP, according to the European Commission. The agreement paves the way for freer trade in goods between the EU’s 27 member states and India. Prime Minister Narendra Modi said the deal will bring major opportunities for India’s 1.4 billion people and millions in Europe. Officials framed the timing as a hedge against rising global trade tensions. EU diplomat Kaja Kallas also aims to sign a security and defense partnership with India.
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