India-EU FTA: 'Mother of All Trade Deals' Nearing Completion, Says Piyush Goyal

• Commerce and Industry Minister Piyush Goyal stated the India-EU Free Trade Agreement (FTA) will be the most significant trade deal yet.
• Negotiations for the India-EU FTA are in their final stages, with a potential announcement on January 27 during EU leaders' visit.
• European Council President Antonio Luis Santos da Costa and European Commission President Ursula von der Leyen will visit India for Republic Day.
• The EU bloc comprises 27 developed countries, making this agreement the largest for India, surpassing 7 deals since 2014.
• Bilateral trade between India and the EU was $136.53 billion in FY24-25, with India's exports at $75.85 billion and imports at $60.68 billion.

Why It Matters: The India-EU FTA, touted as the 'mother of all trade deals,' is set to unlock vast development opportunities.