EU-India FTA: 'Mother of All Deals' Nears Completion, Says Ursula von der Leyen

• European Commission President Ursula von der Leyen announced the EU is close to finalizing a free trade agreement (FTA) with India.
• Speaking at the World Economic Forum (WEF) in Davos, von der Leyen called it the 'mother of all deals,' potentially creating a market of two billion people.
• The agreement aims to diversify EU trade and strengthen economic ties with India, one of the fastest-growing economies.
• Von der Leyen is expected to visit India next week and will be the chief guest at the Republic Day parade on January 26.
• Indian Commerce and Industry Minister Piyush Goyal also echoed the sentiment, calling the proposed FTA the 'mother of all deals' in New Delhi.

Why It Matters: A historic EU-India free trade agreement, dubbed the 'mother of all deals,' is nearing completion.