EU Chief Declares "Mother of All Deals" Concluded with India, Creating 2 Billion People Free Trade Zone

• European Commission President Ursula von der Leyen announced the conclusion of a landmark free trade agreement with India, calling it "the mother of all deals."
• The agreement establishes a free trade zone encompassing two billion people, expected to benefit both Europe and India.
• Prime Minister Narendra Modi held delegation-level talks with Ursula von der Leyen and European Council President António Luís Santos da Costa at Hyderabad House in Delhi.
• The EU is India's largest trading partner, with bilateral goods trade valued at USD 135 billion in 2023-24, and the FTA aims to boost commercial ties.
• Beyond trade, the two sides are expected to unveil a defence framework agreement, a strategic agenda for 2026–2030, and discuss a Security of Information Agreement.

Why It Matters: Europe and India have finalized a historic free trade agreement, creating a massive economic zone and strengthening strategic ties.