India-EU FTA Legal Scrubbing Nears Completion by July: Official

• Legal scrubbing of the India-EU Free Trade Agreement (FTA) text is expected to conclude by July this year, an official stated.
• Negotiations for the 'mother of all deals' concluded on January 27, after nearly two decades.
• The FTA grants 93% of Indian shipments duty-free access to the 27-nation EU bloc.
• Import of luxury cars and wines from the EU will become less expensive under the agreement.
• The deal aims to create a market of approximately 2 billion people and is expected to be signed and come into force next year.