PM Modi Hails Historic India-EU Trade Deal: 'Blueprint for Shared Prosperity'

• PM Modi announced the conclusion of India's biggest-ever Free Trade Agreement (FTA) with 27 European nations.
• The FTA aims to boost investment, foster innovation partnerships, and strengthen global supply chains.
• The announcement was made during a joint press conference after summit talks with EU leaders Ursula von der Leyen and Antonio Costa.
• Discussions also covered global issues like Ukraine, West Asia, and the Indo-Pacific, emphasizing multilateralism and international norms.
• India-EU trade stands at EUR 180 billion, with negotiations for the FTA relaunched in June 2022 after a 2013 suspension.

Why It Matters: India and the EU have finalized their largest-ever FTA, aiming for shared prosperity and global stability.