India-EU Trade Deal: India and the European Union have finalised the negotiations and are likely to announce the historic mega free-trade agreement (FTA) at a high-level summit in New Delhi on Tuesday marking a major development after nearly 20 years of talks. Prime Minister Narendra Modi will host European Commission President Ursula von der Leyen at the summit which is also finalising the defence partnership. European Council President Antonio Costa will also attend the summit. These agreements are expected to support a wider India–EU strategy to deal with the continuously changing global politics caused by recent US trade policies. India EU Finalised Talks For Free Trade Agreement On Monday Commerce Secretary Rajesh Agrawal informed that discussions on the long-pending free trade agreement between India and EU was successfully concluded. “Negotiations have been successfully concluded. The deal has been finalised” Agrawal said. He further state that the pact is forward-looking from India’s perspective and it would help integrate New Delhi more closely with European economy. “A successful India makes the world more stable prosperous and secure and we all benefit” Von der Leyen said on X. When Will The ‘Mother Of All Deals’ Come Into Force? According to Agrawal the crucial free trade agreement is expected to come into force early next year. Notably the historic pact still require approval from the Union Cabinet in India and the European Parliament. This process could take several months. Commerce and Industry Minister Piyush Goyal has termed it “the mother of all deals” reflecting its strategic significance. Talks between India and EU for the agreement started in 2007 making it one of New Delhi’s longest-running trade talks. India-EU Free Trade Agreement: Tariff Cuts To Boost Exports In Labour-Heavy Industries The agreement is expected to bring duty-free or preferential access to Indian exports specially labour-intensive sectors like - textiles chemicals gems and jewellery electrical machinery leather and footwear.