India-EU FTA can help balance against economic power of US & China, says Portuguese foreign minister

"In the next few years, ties in the world will likely move from transnational to transactional, looking at the change in administration in the US...I hope both the EU and India would come to an understanding on the comprehensive free trade agreement, to create a large economic bloc to challenge both the US and China," the minister added. "Free trade agreements have a huge impact on the balance of geopolitical power. Agreements between the EU and Mercosur (the South American common market) and one with India would prevent just one or two countries from shaping the global trading order," Rangel…