India-EU Seal 'Mother of All Deals' FTA: Prices of Cars, Wine, Chocolates to Drop

• India and the EU finalized a Free Trade Agreement (FTA) after 18 years of negotiations, dubbed the 'Mother of All Deals' by PM Modi.
• The agreement will reduce duties on over 90% of goods, with some duties completely eliminated, strengthening ties between blocs accounting for 25% of global GDP.
• European imports like cars, wine, olive oil, and chocolates will become significantly cheaper in India due to tariff reductions.
• Indian exports such as textiles, jewelry, leather products, and IT services will gain increased access to the European market.
• The deal is expected to boost India's economy, exports, and job creation, with the EU also providing 500 million Euros for environmental protection.

Why It Matters: The India-EU FTA will significantly reduce prices of European goods in India and boost Indian exports.