New Delhi, Jan. 27 -- Prime Minister Narendra Modi, European Commission President Ursula von der Leyen and European Council President Antonio Costa, on Tuesday jointly announced the conclusion of the India-European Union Free Trade Agreement (India-EU FTA) at the 16th India-EU Summit, held during the visit of the European leaders to India. The documents on the FTA conclusion were exchanged between EU Trade Commissioner Maros Sefcovic and Union Commerce Minister Piyush Goyal. This announcement marks a historic milestone in India-EU economic relations and trade engagement with key global partners.

The FTA comes after intense negotiations since the re-launch of negotiations in 2022. The announcement of the FTA on Tuesday marks the culminati...