‘Mother of all deals’: India and the EU finalise FTA
‘Mother of all deals’: India and the EU finalise FTA “mother of all deals” After almost two decades of negotiation, India and the European Union (EU) finalised a free trade agreement (FTA) on Tuesday, FOR INDIA billed as the “mother of all deals”, that will see the EU drop tariffs on 99.5% of Indian exports to the 27-nation bloc. FOR EU India has given tariff concessions on 97.5% of imports from the EU, with European wines and luxury cars set to become less expensive here as a result. a third of global trade Beyond the economics, both sides stressed the geopolitical significance of a deal between two economies that together account for a third of global trade in the shadow of uncertainty sparked by the U.S. tariff regime. ‘Largest-ever FTA’ exclude their respective sensitive sectors NO RELIEF FROM INDIA India’s strategic agricultural and dairy sectors remain protected, NO RELIEF FROM EU EU will maintain its current tariffs on beef, sugar, ri...