India-EU Historic FTA Concludes: Set to Double Exports, Create 2 Billion People Free Trade Zone

• India and the EU have concluded a historic Free Trade Agreement (FTA), dubbed the 'mother of all deals'.
• The FTA is expected to double exports and create a free trade zone encompassing 2 billion people.
• European Commission President Ursula von der Leyen participated in the India-EU Summit, marking a significant step in New Delhi-Brussels relations.
• FTA negotiations, which began in 2007 and were suspended in 2013, were revived in June 2022.
• The summit also finalized a security and defence partnership and a framework agreement for mobility of Indian students and professionals.

Why It Matters: India and the EU finalized a landmark FTA, aiming to double exports and boost economic and strategic ties.