India and EU Near Conclusion of Comprehensive Free Trade Agreement

India and the European Union are nearing the conclusion of a long-awaited Free Trade Agreement (FTA), described by Commerce Minister Piyush Goyal as the "mother of all deals." Set to be announced during the EU leaders' visit for India's 77th Republic Day, the pact aims to enhance bilateral trade and investment across sectors like textiles, pharmaceuticals, and engineering. While addressing sensitive issues such as the carbon border adjustment mechanism and market access, the agreement seeks to provide a stable framework benefiting both economies amid global trade uncertainties.