India Secures Unprecedented EU Market Access for 99% Exports: Piyush Goyal

• India will gain concessional market access for over 99% of its exports by value in the European Union (EU) market.
• Commerce and Industry Minister Piyush Goyal announced the conclusion of negotiations for the free trade agreement (FTA) on January 27.
• Goyal termed the pact the 'Mother of all Trade Deals,' highlighting its strategic breakthrough for India's global trade engagement.
• The agreement unlocks vast opportunities in the USD 20 trillion EU market, boosting labor-intensive sectors and 'Make In India'.
• The deal is expected to create jobs, drive innovation, and benefit various segments including MSMEs, women, youth, and skilled professionals.

Why It Matters: India achieved a landmark FTA with the EU, securing extensive market access and boosting economic growth.