India, Jan. 27 -- European Commission President Ursula von der Leyen on Tuesday announced the conclusion of the long-awaited India-European Union free trade agreement, calling it a historic moment for bilateral ties.

Leaders on both sides have described the free trade pact as the "mother of all deals" for its scale and far-reaching economic impact. The announcement formally ends negotiations that were relaunched in June 2022 after a gap of almost nine years. Follow India EU trade deal live updates

Sharing a photograph with Prime Minister Narendra Modi, von der Leyen wrote on X, "Europe and India are making history today. We have concluded the mother of all deals."

"We have created a free trade zone of two billion people, with both side...