Antonio Costa Hails ‘Mother Of All Deals’ As India & EU Ink Historic Free Trade Pact | India-EU FTA

0 January 27, 2026 08:58

On this special report, the focus is on the historic Free Trade Agreement (FTA) signed between India and the European Union. Prime Minister Narendra Modi hailed the pact as the ‘biggest ever free trade pact’, noting it will provide Indian small industries greater access to European markets and stabilize the global order. European Council President Antonio Costa, who expressed pride in his Indian roots from Goa, described the agreement as the ‘mother of all deals,’ creating a market of 2 billion people. European Commission President Ursula von der Leyen emphasized that the deal would cut approximately 4 billion euros in annual tariffs, strengthening global supply chains and manufacturing power. The leaders highlighted that this win-win partnership between the world’s second and fourth largest economies serves as a blueprint for joint prosperity and a resilient international system amidst global turbulence.

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