India-EU FTA: 'Two Giants' Deliver Win-Win Deal, Boost Global Security & Prosperity

• European Commission President Ursula von der Leyen stated that the India-EU Free Trade Agreement (FTA) is a "win-win deal" between "two giants."
• The FTA, dubbed the 'mother of all deals,' is expected to come into effect early next year after formalities are completed.
• Von der Leyen emphasized that India's success contributes to a more stable, prosperous, and secure world, benefiting all.
• The trade deal aims to cut €4 billion in tariffs, providing India with improved access to EU markets for textiles, seafood, and chemical exports.
• The EU will gain easier entry into India for high-end machinery, aircraft components, automobiles, electronics, and medical devices, with agriculture and dairy exempted.

Why It Matters: The India-EU FTA is a landmark agreement set to boost trade, enhance global stability, and foster mutual prosperity.