EU strikes ‘mother of all’ trade deals with India

THE EUROPEAN UNION has struck the “mother of all” trade deals with India after two decades of negotiations. The free trade agreement, described by the EU as “ambitious and commercially significant”, comes amidst uncertainty from the world’s leading economies, the United States and China. The deal is the largest ever concluded by both the EU and India, both of which rank among the largest economies in the world. European Commission President Ursula von der Leyen and European Council President Antonio Costa met with Indian Prime Minister Narendra Modi in New Delhi today to finalise the agreement. The agreement will cut…