EU Nears 'Mother of All Deals' with India: Ursula von der Leyen

• European Commission President Ursula von der Leyen announced the EU is close to finalizing a free trade agreement with India, potentially creating a market of nearly two billion people.
• Speaking at the World Economic Forum in Davos, von der Leyen described the deal as a 'historic trade agreement' and the 'mother of all deals', despite some remaining work.
• She will travel to India post-Davos to further the agreement and enhance economic collaboration, coinciding with her attendance at India's 77th Republic Day celebrations.
• Von der Leyen emphasized Europe's commitment to global partnerships, a stable investment environment, and sustainable growth, alongside a focus on energy security and defense investment.
• EU leaders, including Ursula von der Leyen and Antonio Luis Santos da Costa, will attend India's Republic Day, co-chair the 16th India-EU Summit, and meet Indian dignitaries to strengthen the strategic partnership.

Why It Matters: The EU is on the verge of a historic free trade agreement with India, dubbed the 'mother of all deals'.