Breaking News: PM Modi Calls India-EU FTA ‘Mother of All Deals’ as Trade Agreement Signed

India and the European Union have formally signed a landmark Free Trade Agreement (FTA), described by Prime Minister Narendra Modi as the “Mother of All Deals.” Announcing the development on Tuesday, PM Modi said the agreement will open up significant opportunities for businesses and investors on both sides, strengthening economic and strategic ties between India and the EU. The India-EU trade relationship has already been substantial, with imports and exports exceeding $136 billion in the last financial year. The new FTA is expected to further boost trade in goods and services, investment flows, and collaboration in key sectors such as technology, manufacturing, and renewable energy. Officials say the agreement could also streamline tariffs, remove non-tariff barriers, and enhance market access for Indian and European companies alike. Analysts suggest this deal may become a defining milestone in India’s global trade policy, providing a platform for deeper economic integration with the European market.