India, Jan. 29 -- India and the European Union signed a free trade agreement (FTA) on Tuesday, a pact dubbed as the "mother of all deals". Prime Minister Narendra Modi and European Commission President Ursula von der Leyen hailed the trade deal and said it was a historic moment for bilateral ties.

Several agreements in the deal, including massive cuts in duties, benefit both the EU and India. The talks surrounding the greatness of the deal entered a television debate between two members of the European Parliament -- Ciaran Mullooly and Jorgen Warborn.

Mullooly agreed with his opponent, Warborn, that the European Union needs to do the big deals, and that's why, he said, "I am happy with India".

Warborn appreciated Ciaran Mullooly's agre...