Washington DC, Jan. 31 -- India and the European Union have finalised negotiations on a Free Trade Agreement hailed as the "mother of all deals" that aims to deepen cooperation in innovation, technology and trade, with the pact expected to come into force in 2027.

The development was highlighted during a session titled "Exploring Global AI Policy Priorities Ahead of the India AI Impact Summit", where speakers pointed to the deepening India-EU partnership, particularly across innovation, commerce and technology.

Addressing the gathering, Laurent Bili, French ambassador to the United States, said the FTA strengthens engagement between Europe and India across key sectors.

On the India-EU FTA, Bili said, "It is a good news and we can make ...