Highlights of India-EU Free Trade Agreement

India and Europe have concluded the "mother of all" trade deals, European Commission President Ursula von der Leyen said on Tuesday as Prime Minister Narendra Modi and the top EU leadership held summit talks to elevate the two-way ties to jointly navigate geopolitical turbulence and trade disruptions. Prime Minister Modi hosted von der Leyen and European Council President Antonio Costa at the summit.

The long-awaited free trade agreement is expected to significantly expand the overall trajectory of two-way engagement, as it will open up new opportunities for cooperation in diverse areas.

The FTA is expected to bring a qualitative change in deepening the overall bilateral ties in a range of sectors. The broad focus of today's meeting is on trade, defence and security, climate change, critical technologies and strengthening the rules-based global order. The two sides are also set to unveil a defence framework pact and a strategic agenda. The new partnership comes at a time when Europe is seeking to reduce its dependence on the US and China and deepen its diplomatic and economic ties to other regions.