Both sides are ‘set to benefit’ from the deal that analysts say will underscore broader shifts under way in the global order.
India and the European Union on Tuesday announced a long-awaited free trade agreement that Prime Minister Narendra Modi described as the “mother of all deals”, as both sides moved to strengthen economic ties in a global trade order unsettled by rising US protectionism.
The pact, once implemented, is expected to create one of the world’s largest trading blocs and deepen commercial links between the EU’s 27 member states and the world’s most populous country.
